Saturday, January 5, 2019

Brokers and DPs using artificial intelligence tools have to make quarterly disclosures on their comp

The Market regulator, SEBU has come up with new directives wherein it has been decided that all the Stock brokers and depository participants using applications based on artificial intelligence (AI) will have to make quarterly disclosures on their compliance with cyber security framework

from taxmann.com News http://bit.ly/2RsD3bC

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

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