SEBI has introduced new norms for ETF base prices, price bands, and close-out procedures to address issues arising from T-2 NAV-based pricing. The revised framework aims to improve price discovery and align ETF trading with underlying asset movements.
The ITAT condoned the delay after finding that assessment and appellate notices were sent to incorrect email addresses. The ruling highlights the importance of valid service of notices in tax proceedings.
The article examines how the Supreme Court elevated rehabilitation of trafficking survivors to a constitutional entitlement under Articles 21 and 23. The key takeaway is that survivor protection can no longer depend solely on government discretion.
This article separates misconceptions from legal realities under the Code on Wages, 2019. The key takeaway is that the reform aims to improve transparency, wage protection, and compliance rather than reduce employee benefits.
The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ultimately granted relief after recognizing the taxpayer s genuine reliance on employer disclosures.
The ITAT observed that invoking the test of human probabilities cannot replace factual verification of books and bank records. Additions under Section 69A require evidence showing that the disclosed cash was unavailable.
The ITAT found that provisions for identified legal and professional expenses represented crystallized liabilities requiring TDS deduction. The key takeaway is that only genuine contingent liabilities may escape such obligations.
The Karnataka High Court held that criminal proceedings under Sections 447 and 448 of the Companies Act could not continue against a former director who had resigned before the company’s commercial activities began. Finding no specific allegations against him, the Court quashed the proceedings.
The Delhi High Court held that whether coal beneficiation amounts to manufacturing involves mixed questions of fact and law requiring evidence. It declined to quash prosecution for alleged non-compliance with cost audit requirements under the Companies Act.
Adjudicating Authority failed to properly examine whether the transactions underlying the Section 7 application were genuine financial debts or merely sham arrangements involving round-tripping and financial layering among related entities.
