Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
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Regulated entities in the securities market are advised to strengthen cyber resilience against AI-driven vulnerability detection tools by updating systems and applications promptly, using virtual patching where needed, and conducting regular vulnerability assessments, security audits, and scenario-based risk assessments. They should coordinate with third-party vendors to release and deploy patches, harden systems, secure APIs through authentication, authorization, rate limiting and whitelisting, and maintain continuous SOC monitoring with tested SOAR/SIEM responses. The advisory also requires updated asset inventories and software bills of materials, onboarding to the Market SOC where applicable, and long-term planning for AI use in detection and autonomous mitigation, in line with SEBI's cyber security framework.
Regulated entities in the securities market are advised to strengthen cyber resilience against AI-driven vulnerability detection tools by updating systems and applications promptly, using virtual patching where needed, and conducting regular vulnerability assessments, security audits, and scenario-based risk assessments. They should coordinate with third-party vendors to release and deploy patches, harden systems, secure APIs through authentication, authorization, rate limiting and whitelisting, and maintain continuous SOC monitoring with tested SOAR/SIEM responses. The advisory also requires updated asset inventories and software bills of materials, onboarding to the Market SOC where applicable, and long-term planning for AI use in detection and autonomous mitigation, in line with SEBI's cyber security framework.
Note: It is a system-generated summary and is for quick reference only.