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Imposition of penalty of Rs. 5 lakhs for belated filing of return u/s 15(a) was unjustified: SAT

September 18, 2019[2019] 108 348 (SAT - Mumbai)/[2019] 156 SCL 473 (SAT - Mumbai)

SEBI: Where requisite information as sought by SEBI was supplied by company belatedly, imposition of penalty of Rs. 5 lakh under section 15A(a) being on higher side was to be reduced to Rs. 2 lakh
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