Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Internal TNMM supports deletion of freight-forwarding adjustments where comparable non-AE transactions are separately identifiable and materially simi...
The Collective Investment Scheme (CIS) operated through the Growpital platform prima facie violates provisions of the SEBI Act, CIS Regulations, and SEBI-PFUTP Regulations. The activities indicate an unregistered CIS mobilizing over Rs. 132 crore in ZF Project 1 LLP alone, amounting to a fraudulent practice under Regulation 4(2)(t) of PFUTP Regulations. To safeguard investors' interests, an ad-interim ex-parte order directs Growpital and its directors/partners to cease soliciting or undertaking CIS activities, not collect funds, not divert existing funds, not dispose assets without SEBI's permission, provide asset inventory, remove CIS-related materials, not access securities market, and submit investor details. Cashfree Payments, banks, depositories, and RTAs are directed to freeze accounts and disallow transfers. The order aims to prevent further fund mobilization through the unregistered platform.
The Collective Investment Scheme (CIS) operated through the Growpital platform prima facie violates provisions of the SEBI Act, CIS Regulations, and SEBI-PFUTP Regulations. The activities indicate an unregistered CIS mobilizing over Rs. 132 crore in ZF Project 1 LLP alone, amounting to a fraudulent practice under Regulation 4(2)(t) of PFUTP Regulations. To safeguard investors' interests, an ad-interim ex-parte order directs Growpital and its directors/partners to cease soliciting or undertaking CIS activities, not collect funds, not divert existing funds, not dispose assets without SEBI's permission, provide asset inventory, remove CIS-related materials, not access securities market, and submit investor details. Cashfree Payments, banks, depositories, and RTAs are directed to freeze accounts and disallow transfers. The order aims to prevent further fund mobilization through the unregistered platform.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
