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...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
SEBI has modified the implementation of intraday position limit monitoring for index derivatives effective April 1, 2025. While stock exchanges will monitor position limits with minimum 4 random snapshots daily as mandated in the December 30, 2024 Master Circular, no penalties will be imposed for intraday breaches until further notice. This temporary relief addresses industry concerns regarding system readiness and potential redundancy of implementing current notional-based monitoring systems when proposed delta-based or futures equivalent limits are pending finalization. Exchanges must prepare a joint SOP to inform market participants about monitoring procedures and communicate breaches to clients and trading members for risk management purposes. End-of-day position limit monitoring and penalties remain unchanged.
SEBI has modified the implementation of intraday position limit monitoring for index derivatives effective April 1, 2025. While stock exchanges will monitor position limits with minimum 4 random snapshots daily as mandated in the December 30, 2024 Master Circular, no penalties will be imposed for intraday breaches until further notice. This temporary relief addresses industry concerns regarding system readiness and potential redundancy of implementing current notional-based monitoring systems when proposed delta-based or futures equivalent limits are pending finalization. Exchanges must prepare a joint SOP to inform market participants about monitoring procedures and communicate breaches to clients and trading members for risk management purposes. End-of-day position limit monitoring and penalties remain unchanged.
Note: It is a system-generated summary and is for quick reference only.
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