Umesh Patel and Sonal Patel

SAT-appeal

• Alleged violation of PFUTP Regulations, 2003 per common SCN dated 27.07.2012; specifics not detailed in SAT order.
  AO penalty order quashed for violation of natural justice · All Appeals No. 542-550 of 2020 allowed with costs
  Appeal: Appeal Nos. 542, 543, 544, 545, 546, 547, 548, 549 and 550 of 2020 allowed on 02.03.2022; impugned AO order quashed and remanded for fresh hearing
• Alleged violation of SEBI PFUTP Regulations, 2003 leading to AO penalty proceedings; specific manipulative trades not detailed in this remand order.
  Impugned AO penalty order quashed for violation of principles of natural justice · All Appeals Nos. 542 to 550 of 2020 allowed with costs
  Appeal: SAT Appeals Nos. 542, 543, 544, 545, 546, 547, 548, 549 and 550 of 2020 allowed and disposed on 02.03.2022 (reserved 23.02.2022); earlier appeal against AO order dated 05.06.2013 allowed on 18.12.2013 and remitted
• Alleged violation of PFUTP Regulations, 2003 per common SCN dated 27 July 2012 and supplementary SCN dated 31 Oct 2014.
  Impugned AO penalty order quashed for violation of natural justice · All Appeals Nos. 542-550 of 2020 allowed with costs
  Appeal: Appeal Nos. 542, 543, 544, 545, 546, 547, 548, 549 and 550 of 2020 allowed by SAT order dated 02.03.2022 (reserved 23.02.2022)