https://www.taxtmi.com/caselaws?id=777928 CESTAT Chennai - AT dismissed the appeal and upheld the OIO. The adjudicating authority's finding that the respondent breached Regulations 10 and 11(b) of CBLR, 2013 was sustained, but revocation of the broker licence and forfeiture of security were not ordered. Alleged breach of Regulation 17(9) was raised for the first time on appeal and could not be relied on for lack of notice, violating natural justice. Relying on precedent, the Tribunal accepted imposition of penalty as a proportionate, lenient remedy given the case facts and gravity of the violations. en-us Thu, 04 Sep 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777928 CESTAT Chennai - AT dismissed the appeal and upheld the OIO. The adjudicating authority's finding that the respondent breached Regulations 10 and 11(b) of CBLR, 2013 was sustained, but revocation of the broker licence and forfeiture of security were not ordered. Alleged breach of Regulation 17(9) was raised for the first time on appeal and could not be relied on for lack of notice, violating natural justice. Relying on precedent, the Tribunal accepted imposition of penalty as a proportionate, lenient remedy given the case facts and gravity of the violations. Case-Laws Customs Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777928