Refund claim dismissed as time-barred under s.142(5); non-obstante clause read restrictively, merits not decided, self-assessment payments not mere de...
Assessee's project-completion revenue recognition upheld; income addition deleted under Guidance Note/AS-9 and percentage-completion rules as complian...
SC dismissed the appeal, upholding the adjudicatory tribunal's finding that the broker breached his duty to exercise due skill, care and diligence and contravened clause A(2) of the Code of Conduct in Schedule II read with Regulation 7 of the SEBI Regulations, 1992 by executing synchronized and self-trades. The tribunal's imposition of monetary penalty under Section 15HB of the SEBI Act was affirmed as proportionate and warranted given the straightforward market-manipulative nature of self-trades and the regulatory obligation on brokers to monitor client activity on internet-based trading platforms. The Court held no substantial question of law under Section 15Z was involved, and therefore dismissed the appeal.
SC dismissed the appeal, upholding the adjudicatory tribunal's finding that the broker breached his duty to exercise due skill, care and diligence and contravened clause A(2) of the Code of Conduct in Schedule II read with Regulation 7 of the SEBI Regulations, 1992 by executing synchronized and self-trades. The tribunal's imposition of monetary penalty under Section 15HB of the SEBI Act was affirmed as proportionate and warranted given the straightforward market-manipulative nature of self-trades and the regulatory obligation on brokers to monitor client activity on internet-based trading platforms. The Court held no substantial question of law under Section 15Z was involved, and therefore dismissed the appeal.
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