Supreme Court of India
Jaykishor Chaturvedi & Etc. v. Securities and Exchange Board of India
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What the Court ordered
We hold that interest must accrue from the expiry of the 45-day compliance period following the adjudication orders dated 28.08.2014.
Judgment, page 35
From the headnote
Issue for Consideration Whether interest on penalties imposed by the Adjudicating Officer is payable by the appellants, and if so, from which date- whether from the date of the adjudication orders passed by the Adjudicating Officer or the demand notices issued by the respondent-SEBI. Headnotes† Securities and Exchange Board of India Act, 1992 – s.28A – Income Tax Act, 1961 – s.220(1), (2), (4) – Recovery of amounts – When tax payable and when assessee deemed in default – Interest on unpaid penalties imposed by the Adjudicating Officer, if payable by the appellants – If yes, from which date-
Authorities it was built on
- 1961 The Collector of Customs, Madras v. Nathella Sampathu Chetty and Another
- 2001 Shyam Sunder and Anr. v. Ram Kumar and Anr.
- 2005 Sedco Forex International Drill. Inc. and Ors. v. Commissioner of Income Tax, Dehradun and Anr.
- 2004 Shamsu Suhara Beevi v. G. Alex and Anr.
- 1996 Pratibha Processors and Ors., Etc. Etc. v. Union of India and Ors.
- 1994 J.K. Synthetics Ltd. v. The Commercial Taxes Officer
- 1968 Keshavlal Jethalal Shah v. Mohanlal Bhagwandas & Anr.
- 2017 Dushyant N. Dalal and Another v. Securities and Exchange Board of India
- 2007 Shiv Kumar Sharma v. Santosh Kumari
- 2010 Bhai Jaspal Singh and Anr. v. Assistant Commissioner of Commercial Taxes and Ors.
- 2008 State of Punjab & Ors. v. Bhajan Kaur & Ors.
- 1997 Calcutta Jute Manufacturing Co. and Anr. v. Commercial Tax Officer and Ors.
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