https://www.taxtmi.com/caselaws?id=195929 The Appellate Tribunal overturned the penalty imposed by the Board on a subsidiary of Delhi Stock Exchange Limited for violations discovered during an inspection. The Tribunal found the violations to be technical in nature without resulting in unlawful gains, emphasizing that inspections aim to ensure compliance rather than punitive action. As the violations were minor and the appellant took corrective measures, the punitive action was deemed unwarranted. The Tribunal set aside the penalty, allowing the appeal with no costs imposed. en-us Tue, 11 Sep 2012 00:00:00 +0530 Mon, 19 Feb 2018 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195929 The Appellate Tribunal overturned the penalty imposed by the Board on a subsidiary of Delhi Stock Exchange Limited for violations discovered during an inspection. The Tribunal found the violations to be technical in nature without resulting in unlawful gains, emphasizing that inspections aim to ensure compliance rather than punitive action. As the violations were minor and the appellant took corrective measures, the punitive action was deemed unwarranted. The Tribunal set aside the penalty, allowing the appeal with no costs imposed. Case-Laws Companies Law Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195929