Tuesday, July 13, 2021

Inordinate delay in filing appeal against AA’s order for SAST violations without sufficient cause to be rejected: SAT

COMPANY LAW/SEBI : Where Adjudicating Authority passed order imposing penalty upon appellants for violating regulation 11(2) of takeover code and appeal against said order had been filed after delay of 577 days along with application seeking condonation of delay, and no sufficient cause for delay had been given in application, said application seeking condonation was to be rejected

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198516/inordinate-delay-in-filing-appeal-against-aa’s-order-for-sast-violations-without-sufficient-cause-to-be-rejected-sat.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...