https://www.taxtmi.com/caselaws?id=781218 The SAT (LB) allowed the appeals, holding that inter-scheme transfers (ISTs) by the AMC were legally permissible and complied with specific MF provisions (Schedule-VII) and the July 27, 2000 SEBI circular. The Tribunal found recorded reasons, due diligence and no fresh market purchases for the five disputed debt securities, and rejected generalized allegations of misconduct or private gain unsupported by specific evidence. Applying generalia specialibus non derogant, the SAT held specific IST rules prevail over general duties, and declined to substitute the AO's judgment for professional fund managers where procedures and reporting mechanisms to trustees/SEBI were observed. en-us Wed, 17 Sep 2025 00:00:00 +0530 Mon, 10 Nov 2025 17:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781218 The SAT (LB) allowed the appeals, holding that inter-scheme transfers (ISTs) by the AMC were legally permissible and complied with specific MF provisions (Schedule-VII) and the July 27, 2000 SEBI circular. The Tribunal found recorded reasons, due diligence and no fresh market purchases for the five disputed debt securities, and rejected generalized allegations of misconduct or private gain unsupported by specific evidence. Applying generalia specialibus non derogant, the SAT held specific IST rules prevail over general duties, and declined to substitute the AO's judgment for professional fund managers where procedures and reporting mechanisms to trustees/SEBI were observed. Case-Laws SEBI Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781218