News Calcutta High Court Stays Income Tax Penalty Orders for Alleged Cash Transaction Violations, Holding “No Penalty Can Be Levied Without Prior Satisfaction of Assessing Officer Recorded in Assessment Orders” While Considering Prima Facie Illegality in Absence of Statutory Compliance RawlawJune 29, 20255 min read
News Bombay High Court Confirms ₹9.76 Cr Penalty on IL&FS Financial Services: “Equity Cannot Override Statutory Compliance”—Dismisses Challenge to Penalty under Section 31(4) of Maharashtra Stamp Act RawlawJune 19, 20254 min read
