Friday, August 10, 2018

SEBI seeks comments on report submitted by committee on Fair Market conduct

The market regulator, SEBI had constituted a committee on Fair Market conduct. The committee was mandated to review to existing legal framework to deal with market abuse to ensure fair market conduct in the securities market. Now, the committee has submitted its report to the SEBI, wherein various amendments to SEBI Act, 1992, SEBI (Prohibition of Insider Trading) Regulations 2015 and SEBI (Prohibition of Fraudulent and unfair Trade practices relating to securities market) Regulation, 2003 have

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...