As some of the recent IPOs including those of new-age technology, e-commerce, and fintech companies have come under pressure, the SEBI is tightening regulations to avoid an exodus of investors. A cap has also been imposed on the quantum of funds that can be raised for use in future acquisitions. Our brief client presentation highlights these points.
Delhi ITAT rejects the “Back-Office = PE” equation
Download .pdf In the case of Concentrix CVG Customer Management Group, Inc. v. Deputy Commissioner of Income Tax (ITA No. 7727/Del/2017 & Ors., order dated September 30, 2025), the Income Tax Appellate Tribunal, Delhi (the “Delhi ITAT”), ruled that Concentrix CVG...