Jitendra Harivansh Joshi
Penalties and directions recorded
- Appeals allowed to the extent that unlawful-gain calculations and corresponding penalties required reconsideration
- Appeals allowed to the extent that the unlawful-gain calculation and consequential penalties require reconsideration.
- Matter directed to be remanded for recalculation of unlawful gains and penalties using the appropriate methodology and excluding unsupported sales.
- AO had imposed penalty of twice unlawful gains under Section 15HA; SAT final directions truncated in excerpt
SAT-appeal
- SAT matter SATV-03D5412BB95A1E3EDE4F1508Delays in filing the appeals were condoned. · Appeals 113 to 118 of 2020 were permitted to be withdrawn and dismissed as withdrawn.Appeal: Appeal Nos. 113, 114, 115, 116, 117 and 118 of 2020, decided on 1 February 2021; delays condoned and appeals dismissed as withdrawn.
- SAT matter SATV-0C60942D8D93604A95C4C753Delays in filing Appeals Nos. 113 to 118 of 2020 were condoned. · Appeals Nos. 113 to 118 of 2020 were dismissed as withdrawn.Appeal: Appeal Nos. 113, 114, 115, 116, 117 and 118 of 2020, decided on 1 February 2021; all dismissed as withdrawn after delay condonation.
- Alleged circular and fraudulent trades among connected appellants, creating a misleading appearance of trading and inflating the price and volume of Sunteck Realty Limited shares.Appeals allowed to the extent that unlawful-gain calculations and corresponding penalties required reconsideration · Matter remanded for recalculation using the appropriate method and only relevant tainted salesAppeal: Appeal Nos. 119 to 124 of 2020 decided by SAT on 27 September 2021; common AO order dated 30 December 2019 challenged.
- Executing circular trades and creating a misleading appearance of trading in Sunteck Reality Limited, inflating its price and volume, and obtaining unlawful gains through fraudulent and unfair trade practices.Appeals allowed to the extent that the unlawful-gain calculation and consequential penalties require reconsideration. · Matter directed to be remanded for recalculation of unlawful gains and penalties using the appropriate methodology and excluding unsupported sales.Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 decided by SAT on 27 September 2021; common SEBI AO order challenged.
- SAT matter SATV-36DCBF9DA345325311281082Delays in filing all appeals were condoned. · Appeals Nos. 113 to 118 of 2020 were dismissed as withdrawn.Appeal: Appeal Nos. 113 to 118 of 2020, decided on 1 February 2021; dismissed as withdrawn after the one-year debarment period expired.
- WTM had held appellants liable warranting 1-year market access restraint; specific violations not detailed in SAT withdrawal orderDelays condoned; Misc. Applications No. 116-121 of 2020 allowed · Appeal Nos. 113-118 of 2020 dismissed as withdrawn on appellants' requestAppeal: Appeal Nos. 113,114,115,116,117,118 of 2020 with Delay Misc. Appl. 116-121 of 2020 decided 01.02.2021 - dismissed as withdrawn
- Circular trades among connected entities via off-market transfers creating misleading appearance of trading and inflating Sunteck Realty price.AO had imposed penalty of twice unlawful gains under Section 15HA; SAT final directions truncated in excerptAppeal: Appeals 119-124 of 2020 against AO order dated 30.12.2019, reserved 20.09.2021, decided 27.09.2021
Source: SecMarx — Jitendra Harivansh Joshi. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.