Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Non-compliance with accounting standards, non-cooperation by Auditor. Appellant did not respond to NFRA's letters and show cause notice, violating principles of natural justice. Appellant's defense of relocation to Nepal and inaccessibility of email/phone unconvincing in modern communication era. Contradictory claims regarding replying to SEBI but not NFRA. Delayed appeal filing after penalty order raises doubts. NFRA followed due process, established professional misconduct charges. Maximum penalty of Rs. 20 lakhs and 10-year audit debarment justified due to non-cooperation, lack of defense records. Proportionality principle allows relief if diligence proven to NFRA. No illegality in order, appeal dismissed by NCLAT.
Non-compliance with accounting standards, non-cooperation by Auditor. Appellant did not respond to NFRA's letters and show cause notice, violating principles of natural justice. Appellant's defense of relocation to Nepal and inaccessibility of email/phone unconvincing in modern communication era. Contradictory claims regarding replying to SEBI but not NFRA. Delayed appeal filing after penalty order raises doubts. NFRA followed due process, established professional misconduct charges. Maximum penalty of Rs. 20 lakhs and 10-year audit debarment justified due to non-cooperation, lack of defense records. Proportionality principle allows relief if diligence proven to NFRA. No illegality in order, appeal dismissed by NCLAT.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
