Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Bd. held that the Noticee failed to conduct annual audits for FY 2021-22 and 2022-23 in breach of Reg. 25(3) of the RA Regulations and Clauses 2 and 7 of the Code of Conduct in the Third Schedule to Reg. 24(2); audits for those years were completed only after the regulator's inspection request, whereas the audit for FY 2023-24 was timely. The Bd. found the failures constituted contraventions attracting liability under s.15EB of the SEBI Act and, having considered remedial steps taken, imposed a monetary penalty in exercise of powers under s.15J, concluding the Noticee is liable to pay the prescribed penalty.
Bd. held that the Noticee failed to conduct annual audits for FY 2021-22 and 2022-23 in breach of Reg. 25(3) of the RA Regulations and Clauses 2 and 7 of the Code of Conduct in the Third Schedule to Reg. 24(2); audits for those years were completed only after the regulator's inspection request, whereas the audit for FY 2023-24 was timely. The Bd. found the failures constituted contraventions attracting liability under s.15EB of the SEBI Act and, having considered remedial steps taken, imposed a monetary penalty in exercise of powers under s.15J, concluding the Noticee is liable to pay the prescribed penalty.
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