Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Introduction of a Closing Auction Session (CAS) in the equity cash segment replaces VWAP-based closing prices for securities with listed derivatives; SEBI mandates phased applicability, with CAS determining closing prices for derivative-underlying stocks and VWAP retained for others. CAS is a 20-minute separate session (3:153:35 pm) with specified sub-sessions, random order-entry closure, a VWAP-based reference price (3:003:15 pm) and +/-3% price bands. The equilibrium price mechanism (max executable volume; tie-breakers by unmatched quantity and proximity to reference price) governs price discovery, with market-order priority, carryover and modification rules for CTS limit orders, order-level margin requirements, disclosure obligations and SOP/operational alignment requirements for exchanges and clearing corporations.
Introduction of a Closing Auction Session (CAS) in the equity cash segment replaces VWAP-based closing prices for securities with listed derivatives; SEBI mandates phased applicability, with CAS determining closing prices for derivative-underlying stocks and VWAP retained for others. CAS is a 20-minute separate session (3:153:35 pm) with specified sub-sessions, random order-entry closure, a VWAP-based reference price (3:003:15 pm) and +/-3% price bands. The equilibrium price mechanism (max executable volume; tie-breakers by unmatched quantity and proximity to reference price) governs price discovery, with market-order priority, carryover and modification rules for CTS limit orders, order-level margin requirements, disclosure obligations and SOP/operational alignment requirements for exchanges and clearing corporations.
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