Under the new MoU, SEBI officers will receive training in digital forensics, cybersecurity, and related domains, enhancing investigative and regulatory capabilities.
ITAT Chandigarh ruled that the CIT(A) is empowered to set aside and remand assessments made under Section 144 to the AO under Section 251(1)(a) of the Income Tax Act.
SEBI mandates debenture trustees to segregate non-SEBI activities via separate business units, ensuring transparency, disclosures, and compliance with other financial regulators.
ITAT Chandigarh upheld CIT(A)’s order deleting AO’s additions on depreciation, excess stock, and gross profit, confirming machinery was in use and books were reliable.
Trustees must maintain accounts, update holders annually, and submit auditor certificates to the stock exchange before REF reimbursements, improving transparency and accountability.
Issuers must submit security and financial certificates to debenture trustees quarterly, half-yearly, or annually, ensuring continuous monitoring and investor protection.
The Tribunal permitted withdrawal after the appellant cited an inadvertent error and confirmed that a fresh appeal was already pending. The case was dismissed as withdrawn.
The Gujarat High Court held that a notice issued under Section 148A(b) was procedurally flawed as it functioned as a Section 148A(a) inquiry. The notice, order under Section 148A(d), and subsequent notice under Section 148 were quashed.
The Tribunal found that hearing notices were sent to the wrong email address, resulting in an ex-parte order. The matter was remanded to the AO after directing the assessee to deposit ₹5,000 as costs.
SEBI specifies conditions for debenture trustees engaging in activities outside its oversight, ensuring separate business units, disclosures, and investor protection compliance.
