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...
Non-maintenance of pre-trade and post-trade confirmations under the SEBI circular dated 22 March 2018 may attract regulatory or disciplinary action against a stockbroker, but does not per se create civil liability to reimburse a client's trading losses. Where the clients admitted authorising a known third person to execute trades and assumed market risk, they could not later disown those trades by invoking the confirmation requirement; the requirement is material only where trades are proved to be blatantly unauthorised. The arbitral tribunals' award of 50% of F&O losses without any enquiry or evidence of causation and damages, based solely on alleged negligence, conflicted with the fundamental policy of Indian law under the Arbitration Act. The awards were set aside and the petitions were allowed - HC
Non-maintenance of pre-trade and post-trade confirmations under the SEBI circular dated 22 March 2018 may attract regulatory or disciplinary action against a stockbroker, but does not per se create civil liability to reimburse a client's trading losses. Where the clients admitted authorising a known third person to execute trades and assumed market risk, they could not later disown those trades by invoking the confirmation requirement; the requirement is material only where trades are proved to be blatantly unauthorised. The arbitral tribunals' award of 50% of F&O losses without any enquiry or evidence of causation and damages, based solely on alleged negligence, conflicted with the fundamental policy of Indian law under the Arbitration Act. The awards were set aside and the petitions were allowed - HC
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