https://www.taxtmi.com/caselaws?id=389306 The Tribunal allowed the appeal, quashing the penalty order imposed by SEBI. The decision was based on the lack of conclusive evidence establishing fraudulent or unfair trade practices, giving the appellant the benefit of the doubt due to the absence of critical findings in the impugned order. The Tribunal's ruling emphasized the importance of establishing violations with confidence, especially in cases involving day traders, and highlighted the need for clear evidence of market impact and beneficial ownership changes to support penalty imposition under the PFUTP Regulations. en-us Tue, 06 Aug 2019 00:00:00 +0530 Thu, 05 Dec 2019 11:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389306 The Tribunal allowed the appeal, quashing the penalty order imposed by SEBI. The decision was based on the lack of conclusive evidence establishing fraudulent or unfair trade practices, giving the appellant the benefit of the doubt due to the absence of critical findings in the impugned order. The Tribunal's ruling emphasized the importance of establishing violations with confidence, especially in cases involving day traders, and highlighted the need for clear evidence of market impact and beneficial ownership changes to support penalty imposition under the PFUTP Regulations. Case-Laws SEBI Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389306