Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The Board finds that the Respondent engaged in prima facie manipulative and fraudulent trading on index expiry days, contravening section 12A(a),(b),(c) of the SEBI Act and regs 3(a)-(d), 4(1), 4(2)(a) and (e) of the PFUTP Regs, 2003. By disproportionately influencing constituent cash and futures markets to benefit concurrent index option positions, the Respondent effected intra-day index manipulation and "extended marking the close." The Board, exercising interim ex-parte powers, directed joint-and-several impoundment of unlawful gains of INR 4,843,57,70,168 in escrow, prohibited market access and dealing in securities, restrained debits/asset transfers subject to SEBI permission, required inventory disclosure within 15 days, permitted limited close-out of open derivative positions within three months, and mandated ongoing exchange surveillance; respondents have 21 days to file objections.
The Board finds that the Respondent engaged in prima facie manipulative and fraudulent trading on index expiry days, contravening section 12A(a),(b),(c) of the SEBI Act and regs 3(a)-(d), 4(1), 4(2)(a) and (e) of the PFUTP Regs, 2003. By disproportionately influencing constituent cash and futures markets to benefit concurrent index option positions, the Respondent effected intra-day index manipulation and "extended marking the close." The Board, exercising interim ex-parte powers, directed joint-and-several impoundment of unlawful gains of INR 4,843,57,70,168 in escrow, prohibited market access and dealing in securities, restrained debits/asset transfers subject to SEBI permission, required inventory disclosure within 15 days, permitted limited close-out of open derivative positions within three months, and mandated ongoing exchange surveillance; respondents have 21 days to file objections.
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