https://www.taxtmi.com/caselaws?id=464515 The AT partly allowed the appeal. It affirmed that the appellants violated multiple provisions of the IA Regulations and Code of Conduct (advance collection of fees, failure to maintain arm's-length execution, delayed/unaddressed SCORES complaints, and non-cooperation with inspection) and upheld related directions. Charges under Regulation 3 of PFUTP were not proved and were quashed. Penalties affirmed: Rs. 6 lakh under Section 15EB, Rs. 1 lakh under Section 15HB, and Rs. 1 lakh under Section 15C. The Rs. 5 lakh penalty under Section 15HA was set aside. Three directors' penalties reduced from Rs. 5 lakh to Rs. 2 lakh each. en-us Wed, 06 Sep 2023 00:00:00 +0530 Mon, 03 Nov 2025 19:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464515 The AT partly allowed the appeal. It affirmed that the appellants violated multiple provisions of the IA Regulations and Code of Conduct (advance collection of fees, failure to maintain arm's-length execution, delayed/unaddressed SCORES complaints, and non-cooperation with inspection) and upheld related directions. Charges under Regulation 3 of PFUTP were not proved and were quashed. Penalties affirmed: Rs. 6 lakh under Section 15EB, Rs. 1 lakh under Section 15HB, and Rs. 1 lakh under Section 15C. The Rs. 5 lakh penalty under Section 15HA was set aside. Three directors' penalties reduced from Rs. 5 lakh to Rs. 2 lakh each. Case-Laws SEBI Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464515