Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
SEBI issued a circular on Internet Based Trading (IBT) for stock brokers to enhance ease of doing business. Stock brokers must apply to the exchange for IBT service permission, with the decision communicated within 7 days. Brokers providing IBT must report to the exchange as required. Exchanges will now compute IBT trade statistics based on broker-provided terminal details, eliminating the need for brokers to confirm statistics before publication. The circular, effective immediately, is issued u/s 11(1) of SEBI Act to safeguard investor interests and regulate the securities market.
SEBI issued a circular on Internet Based Trading (IBT) for stock brokers to enhance ease of doing business. Stock brokers must apply to the exchange for IBT service permission, with the decision communicated within 7 days. Brokers providing IBT must report to the exchange as required. Exchanges will now compute IBT trade statistics based on broker-provided terminal details, eliminating the need for brokers to confirm statistics before publication. The circular, effective immediately, is issued u/s 11(1) of SEBI Act to safeguard investor interests and regulate the securities market.
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