https://www.taxtmi.com/caselaws?id=282508 The Tribunal allowed the appeal, setting aside the penalty imposed on the appellants for failing to file a report under regulation 3(4) of the SEBI Regulations within the prescribed time. The adjudicating officer incorrectly applied section 15A(b) instead of section 15A(a) of the SEBI Act. The Tribunal found that the failure to file the report was a technical breach, done in good faith, and did not result in any gain or loss. Therefore, the penalty was deemed unwarranted, emphasizing the importance of considering mitigating factors in such cases. en-us Wed, 29 Jan 2003 00:00:00 +0530 Sat, 10 Aug 2019 09:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282508 The Tribunal allowed the appeal, setting aside the penalty imposed on the appellants for failing to file a report under regulation 3(4) of the SEBI Regulations within the prescribed time. The adjudicating officer incorrectly applied section 15A(b) instead of section 15A(a) of the SEBI Act. The Tribunal found that the failure to file the report was a technical breach, done in good faith, and did not result in any gain or loss. Therefore, the penalty was deemed unwarranted, emphasizing the importance of considering mitigating factors in such cases. Case-Laws SEBI Wed, 29 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282508