Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
SEBI has amended the Prohibition of Insider Trading Regulations, effective ninety days after official publication. The amendments significantly expand the definition of "unpublished price sensitive information" to include sixteen specific corporate events, such as termination of business contracts, auditor resignations, rating changes, fund-raising proposals, forensic audits, regulatory actions, and key license changes. The notification introduces flexibility for information not originating within organizations by allowing entry into structured digital databases within two calendar days of receipt and exempting such external information from trading window closure requirements. These modifications aim to enhance regulatory clarity and provide nuanced compliance guidance for market participants.
SEBI has amended the Prohibition of Insider Trading Regulations, effective ninety days after official publication. The amendments significantly expand the definition of "unpublished price sensitive information" to include sixteen specific corporate events, such as termination of business contracts, auditor resignations, rating changes, fund-raising proposals, forensic audits, regulatory actions, and key license changes. The notification introduces flexibility for information not originating within organizations by allowing entry into structured digital databases within two calendar days of receipt and exempting such external information from trading window closure requirements. These modifications aim to enhance regulatory clarity and provide nuanced compliance guidance for market participants.
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TaxTMI 
TaxTMI 
of 4916 
