IT Dept conducts survey operation in case against Jane Street

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....T Dept conducts survey operation in case against Jane Street<BR>Income Tax<BR>Dated:- 31-7-2025<BR>PTI<BR>Mumbai, Jan 31 (PTI) The Income Tax Department on Thursday conducted a survey operation at the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... premises of some broking companies as part of an alleged tax evasion probe against Jane Street, the US-based proprietary trading firm accused of market manipulation, official sources said. Sources s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tated the department is undertaking a "verification" exercise in the backdrop of a recent Sebi action against Jane Street. In an interim order issued on July 3, Sebi found Jane Street (JS) guilty of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....manipulating indices by simultaneously placing bets in cash along with futures and options markets to secure massive gains. As a result, Sebi barred the hedge fund from accessing the market and impou....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nded over Rs 4,843 crore in gains. The probe found that JS made a profit of Rs 36,671 crore on a net basis during the probe period from January 2023 to May 2025. However, on July 21, Sebi permitted J....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ane Street to resume trading after the company deposited the mandated amount of Rs 4,843.57 crore into an escrow account. PTI NES MPL MPL<BR> News - Press release - PIB....