Regulatory cooperation between tax authorities and securities regulator: income-tax authorities must report unusual broker transactions to enable market regulation. Income-tax authorities encountering unusual or irregular transactions in the securities market are required to notify the Securities and Exchange Board of India to assist SEBI in its regulatory role and in preventing fraudulent or unfair trade practices. SEBI's mandate to regulate stock exchanges and protect investors includes oversight of trading practices and prevention of excessive speculation; disclosures by income-tax authorities enable SEBI to investigate and address market irregularities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulatory cooperation between tax authorities and securities regulator: income-tax authorities must report unusual broker transactions to enable market regulation.
Income-tax authorities encountering unusual or irregular transactions in the securities market are required to notify the Securities and Exchange Board of India to assist SEBI in its regulatory role and in preventing fraudulent or unfair trade practices. SEBI's mandate to regulate stock exchanges and protect investors includes oversight of trading practices and prevention of excessive speculation; disclosures by income-tax authorities enable SEBI to investigate and address market irregularities.
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