https://www.taxtmi.com/caselaws?id=461838 Penalty for alleged misuse of clients' funds could not stand without a fresh examination of the underlying mismatch calculation, because the appellant disputed the figures and said the clients' margin component had not been included. The tribunal noted that the impugned finding rested on an unexplained credit-balance mismatch, but the appellant had produced material pointing to a different computation and the reply did not categorically deny those figures. On that basis, the penalty order was set aside and the matter remitted to the adjudicating authority for reconsideration after accounting for the clients' margin and permitting further evidence. en-us Wed, 12 Jan 2022 00:00:00 +0530 Fri, 02 May 2025 14:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461838 Penalty for alleged misuse of clients' funds could not stand without a fresh examination of the underlying mismatch calculation, because the appellant disputed the figures and said the clients' margin component had not been included. The tribunal noted that the impugned finding rested on an unexplained credit-balance mismatch, but the appellant had produced material pointing to a different computation and the reply did not categorically deny those figures. On that basis, the penalty order was set aside and the matter remitted to the adjudicating authority for reconsideration after accounting for the clients' margin and permitting further evidence. Case-Laws SEBI Wed, 12 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461838