https://www.taxtmi.com/caselaws?id=309919 The judgment found that entities engaged in manipulative trading and market manipulation by artificially inflating share prices and volumes through preferential allotment and stock split schemes. This fraudulent activity aimed to generate fictitious long-term capital gains and evade taxes. The involved parties, including directors and promoters, were restrained by SEBI from accessing the securities market. SEBI's actions were taken to safeguard investor interests and market integrity, emphasizing compliance with regulations and preventing further misuse of the stock exchange system. en-us Fri, 19 Dec 2014 00:00:00 +0530 Wed, 27 Sep 2023 21:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309919 The judgment found that entities engaged in manipulative trading and market manipulation by artificially inflating share prices and volumes through preferential allotment and stock split schemes. This fraudulent activity aimed to generate fictitious long-term capital gains and evade taxes. The involved parties, including directors and promoters, were restrained by SEBI from accessing the securities market. SEBI's actions were taken to safeguard investor interests and market integrity, emphasizing compliance with regulations and preventing further misuse of the stock exchange system. Case-Laws SEBI Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309919