According to the SEBI investigation, the scheme began with the company’s promoters, including Gaurav Gupta and Rakesh Kumar Gupta, engaging market operators like Manish Mishra and Subhash Agarwal.

Aggrieved by the AO’s order, Adarsh Developers appealed to the CIT (A), who sided with the assessee and allowed the claimed deduction. The CIT (A) found that the advances were intrinsically linked to ...

The Indian regulatory framework on spoofing remains scattered, along with inadequate surveillance systems to detect such trades, demanding regulatory intervention to deter such manipulative practices ...