https://www.taxtmi.com/caselaws?id=308972 The Appellate Tribunal found in favor of the appellant due to the significant delay in issuing the show cause notice, deeming the penalty imposed invalid. The Tribunal criticized the Adjudicating Officer's decision to penalize the appellant, highlighting the lack of justification and failure to address the appellant's defenses adequately. Acknowledging the appellant's compliance efforts with regulatory requirements, the Tribunal emphasized that penalties should not be imposed when deficiencies have been rectified. Stressing the importance of judicial discipline, the Tribunal quashed the penalty, emphasizing the necessity for regulatory authorities to act promptly and judiciously in enforcement actions. en-us Tue, 04 Jan 2022 00:00:00 +0530 Thu, 03 Aug 2023 21:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308972 The Appellate Tribunal found in favor of the appellant due to the significant delay in issuing the show cause notice, deeming the penalty imposed invalid. The Tribunal criticized the Adjudicating Officer's decision to penalize the appellant, highlighting the lack of justification and failure to address the appellant's defenses adequately. Acknowledging the appellant's compliance efforts with regulatory requirements, the Tribunal emphasized that penalties should not be imposed when deficiencies have been rectified. Stressing the importance of judicial discipline, the Tribunal quashed the penalty, emphasizing the necessity for regulatory authorities to act promptly and judiciously in enforcement actions. Case-Laws SEBI Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308972