penalty

  1. H

    Mundlur Case: RBI Orders Compounding of FEMA Violation

    New Delhi, April 2 The Reserve Bank of India (RBI) issued an order on February 20 this year under Section 15 of the Foreign Exchange Management Act (FEMA), 1999, in the case involving Rs 4.1 crore against Vikram Mundlur, which has resulted in the termination of adjudication proceedings against...
  2. H

    Income Tax Authority Issues Demand Notice to TVS Srichakra

    New Delhi, March 26 Tyre manufacturer TVS Srichakra Ltd said on Thursday that it has received a demand notice of ₹29.47 crore, including tax and interest, from the income tax authority under a disallowance provision, with a penalty proposed for under-reporting of income.An order has been...
  3. H

    ICICI Bank Disputes GST Demand, Initiates Legal Action

    New Delhi, March 19 ICICI Bank said on Thursday that tax authorities have issued a demand notice of ₹768.6 crore against it for alleged short payment of GST.On March 18, 2026, ICICI Bank received an order under Section 74 of the Maharashtra Goods and Services Tax Act, 2017, from the Additional...
Back
Top