https://www.taxtmi.com/caselaws?id=774943 The SC held that interest on penalties under the SEBI Act accrues from the expiry of the payment period specified in the adjudication order, not from the date of subsequent demand notices. Section 28A and Explanation 4 clarify that interest is compensatory, aimed at offsetting the revenue loss due to delayed payment. Where no payment timeline is specified, a 30-day period under the Income Tax Act applies. The adjudication order's payment deadline operates as a notice of demand, making separate demand notices unnecessary. The appeals challenging the interest liability and its retrospective computation were dismissed. The appellants were directed to pay the interest within 15 days, affirming the Tribunal's order and upholding the enforcement framework's integrity. No costs were awarded. en-us Tue, 15 Jul 2025 00:00:00 +0530 Wed, 23 Jul 2025 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774943 The SC held that interest on penalties under the SEBI Act accrues from the expiry of the payment period specified in the adjudication order, not from the date of subsequent demand notices. Section 28A and Explanation 4 clarify that interest is compensatory, aimed at offsetting the revenue loss due to delayed payment. Where no payment timeline is specified, a 30-day period under the Income Tax Act applies. The adjudication order's payment deadline operates as a notice of demand, making separate demand notices unnecessary. The appeals challenging the interest liability and its retrospective computation were dismissed. The appellants were directed to pay the interest within 15 days, affirming the Tribunal's order and upholding the enforcement framework's integrity. No costs were awarded. Case-Laws SEBI Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774943