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Once penalty order by AO was set aside, SEBI can’t withhold amount recovered pursuant to such order

June 25, 2020[2020] 117 taxmann.com 274 (SAT - Mumbai)
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SEBI: Once order of Adjudicating Officer imposing a penalty was set aside, SEBI can't withhold any amount which was recovered pursuant to order of Adjudicating Officer; separate refund direction need not be given

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