https://www.taxtmi.com/caselaws?id=444460 The court found that the allegations against the Company regarding misleading public announcements and lack of intent to complete a share buyback were not substantiated. The investigation revealed no significant impact on stock prices due to the announcement, and the Company demonstrated a serious effort to conduct the buyback, including placing orders and utilizing substantial funds. Consequently, violations of relevant regulations were not proven. The appeals were allowed, and the previous order by the AO dated May 19, 2021, was set aside. en-us Thu, 05 Oct 2023 00:00:00 +0530 Tue, 17 Oct 2023 08:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444460 The court found that the allegations against the Company regarding misleading public announcements and lack of intent to complete a share buyback were not substantiated. The investigation revealed no significant impact on stock prices due to the announcement, and the Company demonstrated a serious effort to conduct the buyback, including placing orders and utilizing substantial funds. Consequently, violations of relevant regulations were not proven. The appeals were allowed, and the previous order by the AO dated May 19, 2021, was set aside. Case-Laws SEBI Thu, 05 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444460