Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
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.
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