Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
SEBI issued a circular revising eligibility criteria for launching commodity futures contracts. The norms were modified based on representations and CDAC deliberations. Changes include deletion of certain criteria, modification of submission requirements, and approval conditions for futures contracts. Stock exchanges must adhere to SEBI rules, notify contract specifications, and follow position limits. The circular, effective from June 1, 2024, aims to protect investor interests and regulate the securities market u/s 11(1) of SEBI Act 1992. Exchanges must inform members and publish the circular.
SEBI issued a circular revising eligibility criteria for launching commodity futures contracts. The norms were modified based on representations and CDAC deliberations. Changes include deletion of certain criteria, modification of submission requirements, and approval conditions for futures contracts. Stock exchanges must adhere to SEBI rules, notify contract specifications, and follow position limits. The circular, effective from June 1, 2024, aims to protect investor interests and regulate the securities market u/s 11(1) of SEBI Act 1992. Exchanges must inform members and publish the circular.
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