https://www.taxtmi.com/caselaws?id=782254 SAT allowed the appeal and set aside the penalty imposed u/s 15C against the appellant. It held that there was no evidence that the appellant was a Director on the Board of the concerned company. The record, including Form 32 produced by the appellant, did not show the appellant's name in the list of Directors and this evidence was not disputed. SAT found that the CGM had incorrectly treated the appellant as a Director. Consequently, the impugned order was quashed qua the appellant. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782254 SAT allowed the appeal and set aside the penalty imposed u/s 15C against the appellant. It held that there was no evidence that the appellant was a Director on the Board of the concerned company. The record, including Form 32 produced by the appellant, did not show the appellant's name in the list of Directors and this evidence was not disputed. SAT found that the CGM had incorrectly treated the appellant as a Director. Consequently, the impugned order was quashed qua the appellant. Case-Laws SEBI Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782254