https://www.taxtmi.com/caselaws?id=261075 The appeal was dismissed, upholding the imposition of a reduced penalty of Rs. 1 lac for violations of Regulation 7(1) of Takeover Regulations, 1997 and Regulation 13(1) of PIT Regulations, 1992. The Tribunal acknowledged the technical and inadvertent nature of the violation, leading to the reduction in penalty amount. The original penalty order was upheld with no additional costs awarded. en-us Wed, 04 Sep 2013 00:00:00 +0530 Wed, 01 Jul 2015 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261075 The appeal was dismissed, upholding the imposition of a reduced penalty of Rs. 1 lac for violations of Regulation 7(1) of Takeover Regulations, 1997 and Regulation 13(1) of PIT Regulations, 1992. The Tribunal acknowledged the technical and inadvertent nature of the violation, leading to the reduction in penalty amount. The original penalty order was upheld with no additional costs awarded. Case-Laws Companies Law Wed, 04 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261075