M. D. Overseas Ltd.
Penalties and directions recorded
- Appeal Nos. 426, 427 and 428 of 2014 dismissed; AO penalty of Rs 7 lakh per appellant upheld
- Time to pay Rs 7 lakh penalty extended by two months from 30.03.2015
- Penalty of Rs. 7 lakh imposed on each appellant upheld.
- Time to pay each penalty extended by two months from 30 March 2015.
- All three appeals dismissed and AO penalty of Rs 7 lakh on each appellant upheld
SAT-appeal
- Failure to make annual disclosures under Regulation 8(3) of SAST Regulations, 1997 for years 1998 to 2011.Appeal Nos. 426, 427 and 428 of 2014 dismissed; AO penalty of Rs 7 lakh per appellant upheld · Time to pay Rs 7 lakh penalty extended by two months from 30.03.2015Appeal: Appeal Nos. 426, 427 and 428 of 2014 disposed on 30 March 2015 by common order - dismissed
- Failure by each appellant to make mandatory annual disclosures under Regulation 8(3) of the SAST Regulations, 1997 for 1998–2011.All three appeals dismissed. · Penalty of Rs. 7 lakh imposed on each appellant upheld.Appeal: Appeal Nos. 426, 427 and 428 of 2014 dismissed and disposed of on 30 March 2015.
- Failure to make annual disclosures under Regulation 8(3) of SAST Regulations, 1997 for the years 1998 to 2011All three appeals dismissed and AO penalty of Rs 7 lakh on each appellant upheld · Time to pay penalty extended by two months from 30.03.2015 with no order as to costsAppeal: Appeal Nos. 426, 427 and 428 of 2014 dismissed on 30.03.2015
Source: SecMarx — M. D. Overseas Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.