TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The Board exonerated Noticee E for lack of admissible evidence and disposed of proceedings against that individual without penalty. The Board found that Noticees A-D engaged in a fraudulent scheme: sharing non-public recommendations, taking pre-broadcast positions, and squaring off to manipulate price and volume, constituting inducement and dealing in securities in contravention of the SEBI Act and PFUTP Regulations. Noticees A-D were held jointly and severally liable, found to have violated specified statutory provisions and regulations, and were debarred from accessing the securities market and prohibited from dealing in securities for two years from the interim order dated February 8, 2024; monetary penalties were also imposed.
The Board exonerated Noticee E for lack of admissible evidence and disposed of proceedings against that individual without penalty. The Board found that Noticees A-D engaged in a fraudulent scheme: sharing non-public recommendations, taking pre-broadcast positions, and squaring off to manipulate price and volume, constituting inducement and dealing in securities in contravention of the SEBI Act and PFUTP Regulations. Noticees A-D were held jointly and severally liable, found to have violated specified statutory provisions and regulations, and were debarred from accessing the securities market and prohibited from dealing in securities for two years from the interim order dated February 8, 2024; monetary penalties were also imposed.
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