PENALTY
West Bengal govt to engage transgender persons for tax recovery
Several municipal corporations in West Bengal are dealing with financial difficulties due to poor property tax collections. The Kolkata Municipal Corporation reportedly has substantial dues from thousands of defaulters which remains unpaid. In response, the state government is planning a rehabilitation policy for transgender individuals involved in begging. This initiative aims to provide training for traffic management and tax recovery roles.
Kerala man checks traffic fine message on his phone, enters vehicle number and loses Rs 3.89 lakh in online fraud
A 41-year-old man from Malappuram, Keralam, lost Rs 3,89,496 after clicking a fake traffic fine message and entering his vehicle registration number on a website resembling the Parivahan portal. The money was withdrawn through 10 UPI transactions. Police have traced the recipient bank accounts and ordered them frozen.
RBI imposes monetary penalty on One Mobikwik Systems
In a release, the central bank said a statutory inspection of the company was conducted by the RBI with reference to its operations for the period from June 2025 to March 2026.
Ola fined Rs 10 lakh for seeking extra payments before rides are confirmed
The Central Consumer Protection Authority has penalized ANI Technologies for its misleading payment practices on Ola. The regulator noted that soliciting add-on payments misleads consumers and constitutes an unfair trade practice. This feature suggested that paying extra could expedite ride allocation, despite evidence depicting the opposite. Ola has been ordered to cease this practice immediately and ensure compliance with consumer protection laws.
Property seller accepts Rs 5.52 lakh cash from buyer, faces income tax penalty; ITAT Cuttack grants relief due to this technical reason
In a notable case, Mr. Choudhury was penalized by the Income Tax Department for accepting cash during a property sale. His Chartered Accountant contested the application of Section 269SS, stating it was misapplied. The ITAT Cuttack ruled in Mr. Choudhury's favor, referencing a precedent set by the Arati Saraf case, leading to the cancellation of the penalty imposed under Section 271D.
Delhi commuter stops to pay toll at plaza, booth staff behaves badly, NHAI orders agency to pay Rs 15 lakh and stop operations within two days
NHAI has fined Riddhi Siddhi Associates Rs 15 lakh after its personnel allegedly misbehaved with a road user at Delhi's Bijwasan Fee Plaza on November 5. The authority has directed the agency to hand over operations to a new operator by November 14 and issued a notice proposing a one-year debarment.
Private power firms demand shield against project delays
In a representation to Power Secretary Pankaj Agarwal, the Electric Power Transmission Association (EPTA) has sought changes to the tariff-based competitive bidding (TBCB) framework governing inter-state transmission projects, including deemed commercial operation date, full tariff recovery and protection against penalties where a project's commissioning is held up by delays in separately awarded interconnected facilities.
Meta fined by UK regulator over repeated inaccuracies in WhatsApp Business data
Britain's media regulator, Ofcom, has slapped Meta with a £450,000 fine due to consistent misinformation regarding WhatsApp Business. This penalty ensued after 11 months of erroneous data that contravened five statutory requirements under the communications act. However, Meta's cooperation and acceptance of liability led to a reduced fine. The company is also grappling with separate legal hurdles concerning Ofcom's information requests tied to online safety regulations.
Passenger finds metal scrubber piece in food on Guwahati-Okha Express; IRCTC penalises caterer
A passenger travelling on the Guwahati-Okha Dwarka Express raised a food safety concern after finding a metal fragment in his dal, with onboard catering staff suggesting it came from a utensil-cleaning scrubber. The passenger refused a replacement meal and refund. IRCTC later confirmed a penalty against the caterer and de-rostering of the staff involved.
WATCH: RedHawks penalized for distracting Bobcats with fake goal posts on stadium videoboard, Referee calls out ‘unsportsmanlike conduct’
The Miami RedHawks were penalized on November 10 for displaying multiple goal posts on the Yager stadium's videoboard. The display reportedly came on during the Bobcats' field-goal attempt and resulted in them missing a goal after hitting the right upright. The refree called it "unsportsmanlike conduct".
Delhi govt notifies new law, imposes Rs 250 daily fine on officials for service delays
The Delhi government has enacted the Delhi (Right of Citizens to Time-Bound and Easy Delivery of Services) Act, 2026. The Act aims to ensure government services are delivered within specified timeframes, holding officials accountable for delays. A designated officer will be responsible for each service, ensuring transparency and tracking. Appeals related to delays can escalate automatically to the Citizen Grievance Redressal Authority.
A Minnesota county sold a woman's condo for $40,000 over a $15,000 tax debt and kept the rest; what did the US Supreme Court say?
Notably, the original tax bill was around $2,300. But, after interest and penalties, the debt was increased to around $15,000. Hennepin County sold the property for $40,000 and kept the money left after settling Tyler's tax debt, according to the US Supreme Court. The dispute was mostly about whether the county could keep more than Tyler owed.
Rs 48 lakh in cash received from the sale of two properties, paid capital gains tax but received an income tax notice; taxpayer wins the case in ITAT Cuttack for this reason
Mr. Purushottam residing in Kabisurya Nagar, encountered a penalty for accepting cash payments linked to his property sales. He sold two properties totaling Rs 47.54 lakh and declared these earnings accurately. Despite paying the required capital gains tax, an investigation by the Assessing Officer into the cash dealings led to a penalty.
Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penalty
Incorrect tax claims may expose taxpayers to a 200% penalty for misreporting and prosecution in appropriate cases. Section 270AA offers conditional relief upon prescribed payments. For indefensible claims, this route may be preferable to litigation, subject to eligibility.
California Governor Gavin Newsom to commute all 548 death sentences in the state: Here’s a list of other states that have done the same
California Governor Gavin Newsom has announced that he will commute the sentences of all 548 death row inmates. This decision changes their sentences to life in prison and reflects Newsom's stance against capital punishment. The state has had a moratorium on executions since 2019, and executions have rarely occurred since 1978. Other states have also granted clemency to death row inmates in recent years for various reasons.
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti Das
Speaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Director General of Income Tax (Intelligence & Criminal Investigation), highlighted the growing risks associated with non-compliance in cross-border financial reporting.
Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT Cuttack
Mr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his failure to comply with audit rules, the Income Tax Department slapped him with a penalty. After an unsuccessful appeal to CIT (A), he sought relief from ITAT Cuttack, which determined that Kumar's trading did not equate to business income needing an audit.
TRAI rules out penalties on operators based on user tests
Launching the Network Anubhav platform, Lahoti said there would be "no penalty on the basis of user test alone." A penal action, he said, "has to follow certain standards before you conclude that it is a failure." Trai, he added, does not impose penalties but financial disincentives for not meeting specific regulatory requirements.
Sebi imposes Rs 40 lakh penalty on two brokers in Axis Mutual Fund front-running case
Securities and Exchange Board of India has imposed penalties on two stockbroking firms over regulatory violations. Woodstock Broking and Marfatia Stock Broking allowed unauthorized access to their trading terminals. This access facilitated front-running trades by Prijesh Kurani, who operated from Dubai. The investigation revealed insider information was shared regarding Axis Mutual Fund's trades. The regulatory body emphasized the importance of stringent controls over terminal access and trading infrastructure.
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