Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
SEBI Act offences involving front running must be prosecuted through a complaint filed by SEBI before the competent court, because section 26 bars cognizance on an investor's FIR. Front running involves using non-public information about impending substantial securities transactions to obtain wrongful gains and falls within the specialised securities-market regime. That regime prevails over general penal law where the FIR's allegations essentially constitute the SEBI offence, preventing circumvention through ordinary criminal registration. The FIR was quashed in its existing form, while leaving SEBI free to consider criminal action under the SEBI Act and preserving any independent remedies or distinct IPC/BNS offences.
SEBI Act offences involving front running must be prosecuted through a complaint filed by SEBI before the competent court, because section 26 bars cognizance on an investor's FIR. Front running involves using non-public information about impending substantial securities transactions to obtain wrongful gains and falls within the specialised securities-market regime. That regime prevails over general penal law where the FIR's allegations essentially constitute the SEBI offence, preventing circumvention through ordinary criminal registration. The FIR was quashed in its existing form, while leaving SEBI free to consider criminal action under the SEBI Act and preserving any independent remedies or distinct IPC/BNS offences.
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