Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Allegations that the exchange granted preferential market access...
Abuse of dominant position allegations against an exchange found not prima facie; regulator reliance on sectoral expertise upheld and no investigation directed.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Allegations that the exchange granted preferential market access via co-location facilities and secondary servers were examined; the competition regulator found no prima facie abuse of dominant position because the informant failed to establish overt anti competitive harm or denial of market access to investors, and evidence submitted by the exchange and sectoral expert reports did not support preferential access claims. The regulator permissibly relied on sectoral regulator findings and expert reports in forming its view and therefore declined to direct an investigation. The appellate review upheld that approach and dismissed the challenge to the regulator's decision.
Allegations that the exchange granted preferential market access via co-location facilities and secondary servers were examined; the competition regulator found no prima facie abuse of dominant position because the informant failed to establish overt anti competitive harm or denial of market access to investors, and evidence submitted by the exchange and sectoral expert reports did not support preferential access claims. The regulator permissibly relied on sectoral regulator findings and expert reports in forming its view and therefore declined to direct an investigation. The appellate review upheld that approach and dismissed the challenge to the regulator's decision.
Note: It is a system-generated summary and is for quick reference only.