https://www.taxtmi.com/caselaws?id=464686 AT upheld imposition of a penalty under s.15HA, finding on preponderance of probabilities that the appellant, a promoter, participated in share-price manipulation and violated Regulations 3(a),(b),(c),(d), 4(1) and 4(2)(a) of the SEBI PFUTP Regulations. The AT rejected the belated assertion that sales were for personal reasons, noted no fundamental justification for the price rise, identified connections with third parties used as conduits, and held the appellant benefitted from the scheme. Appeal dismissed; no order as to costs. en-us Thu, 21 Oct 2021 00:00:00 +0530 Mon, 10 Nov 2025 19:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464686 AT upheld imposition of a penalty under s.15HA, finding on preponderance of probabilities that the appellant, a promoter, participated in share-price manipulation and violated Regulations 3(a),(b),(c),(d), 4(1) and 4(2)(a) of the SEBI PFUTP Regulations. The AT rejected the belated assertion that sales were for personal reasons, noted no fundamental justification for the price rise, identified connections with third parties used as conduits, and held the appellant benefitted from the scheme. Appeal dismissed; no order as to costs. Case-Laws SEBI Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464686