Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Market Infrastructure Institutions (MIIs) must place requests for review, appeal, or waiver of penalties related to actions by their Internal Committee before the Member Committee (MC). However, requests challenging actions taken by the MC itself will be handled by a separate mechanism established by the MII's Governing Board, including Public Interest Directors or Independent External Professionals not part of the MC. The Governing Board will issue a Standard Operating Procedure for this process. Further appeals beyond this mechanism may be directed to appropriate authorities under applicable laws. These provisions will be effective 45 days from the circular's issuance, and MIIs are required to update their systems, byelaws, and notify market participants accordingly. This framework aims to streamline penalty-related appeals while safeguarding investor interests and ensuring regulatory compliance.
Market Infrastructure Institutions (MIIs) must place requests for review, appeal, or waiver of penalties related to actions by their Internal Committee before the Member Committee (MC). However, requests challenging actions taken by the MC itself will be handled by a separate mechanism established by the MII's Governing Board, including Public Interest Directors or Independent External Professionals not part of the MC. The Governing Board will issue a Standard Operating Procedure for this process. Further appeals beyond this mechanism may be directed to appropriate authorities under applicable laws. These provisions will be effective 45 days from the circular's issuance, and MIIs are required to update their systems, byelaws, and notify market participants accordingly. This framework aims to streamline penalty-related appeals while safeguarding investor interests and ensuring regulatory compliance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
