https://www.taxtmi.com/caselaws?id=261097 AT upheld the Ld. A.O.'s findings and dismissed the appeal, holding that fresh submissions and documents not placed before the Ld. A.O. cannot be entertained on appeal. The AT accepted the adjudicator's conclusions-based on available material-that IPO proceeds were routed through interconnected entities to obscure sources and facilitate payment to the appellant's broker under T+2 settlement, and that violations of Section 12A and specified PFUTP regulations were established. The decision imposing penalties under Sections 15HA and 15HB of the SEBI Act was affirmed against the appellants. en-us Fri, 19 Dec 2014 00:00:00 +0530 Thu, 06 Nov 2025 13:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261097 AT upheld the Ld. A.O.'s findings and dismissed the appeal, holding that fresh submissions and documents not placed before the Ld. A.O. cannot be entertained on appeal. The AT accepted the adjudicator's conclusions-based on available material-that IPO proceeds were routed through interconnected entities to obscure sources and facilitate payment to the appellant's broker under T+2 settlement, and that violations of Section 12A and specified PFUTP regulations were established. The decision imposing penalties under Sections 15HA and 15HB of the SEBI Act was affirmed against the appellants. Case-Laws Companies Law Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261097