Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Jurisdiction/Validity of show-cause notice issued u/s 11(1), 11(2)(b), 11(4) and 11(B) of SEBI Act - The petitioner alleges that the notice is identical to a previously adjudicated one, which resulted in exoneration. Additionally, the petitioner contests the jurisdiction and maintainability of the notice. The High Court, while acknowledging the similarity between the notices, directs SEBI to first decide on the jurisdictional issue before proceeding with the adjudication.
Jurisdiction/Validity of show-cause notice issued u/s 11(1), 11(2)(b), 11(4) and 11(B) of SEBI Act - The petitioner alleges that the notice is identical to a previously adjudicated one, which resulted in exoneration. Additionally, the petitioner contests the jurisdiction and maintainability of the notice. The High Court, while acknowledging the similarity between the notices, directs SEBI to first decide on the jurisdictional issue before proceeding with the adjudication.
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