Whalesbook
So, SAT ne yeh confirm kar diya hai ki SEBI jab bhi koi penalty lagata hai (disgorgement), woh tax se alag hai. Agar kisi ne market mein galat tareeke se koi profit kamaya hai, toh SEBI us profit ko wapas lene ke liye 'disgorgement penalty' lagata hai. Ab rules ke mutabik, woh tax jo us illegal profit par bhara gaya hai, woh penalty ke against adjust nahi hoga. Isse SEBI ko galat kamayi poori tarah wapas lene mein aur aasan ho jayega.
Tax Deductions Ko Karara Jhatka
Simple language mein bole toh, tribunal ne saaf keh diya hai ki tax laws aur SEBI ke rules alag-alag hain. SEBI ka disgorgement order ek alag financial zimmedari hai, aur log yeh nahi keh sakte ki 'arre maine toh is par tax bhar diya hai, toh penalty kam kardo'.
Petitioners Ke Arguments Dismissed
Kai log, jaise ki Alpesh Furiya aur unki team, yeh argue kar rahe the ki unhone jo income tax bhara hai, woh unki disgorgement liability se minus hona chahiye. Unki yeh bhi demand thi ki jo shares recommendation se pehle beche gaye the, un par jo ₹3.16 Crore ka profit tha, woh illegal gain mein na gina jaye. Lekin SAT ne SEBI ki baat maani aur unki illegal gain ki calculation ko sahi thehraya, jo November 2019 se October 2021 tak ki trades ke liye thi. Yeh argument ki sirf recommendation aur sale price ka difference hi illegal gain hai, woh bhi reject ho gaya. Poora gain hi wrongful mana gaya.
Costs Mein Mili Thodi Rahat
Haan, ek cheez mein thodi rahat mili. Pehle ₹25 Lakh ka cost penalty lagaya gaya tha, woh SAT ne maaf kar diya. Kyunki jin logon ne appeal kiya tha, unhone asal disgorgement amount ka 90% se bhi zyada paisa pehle hi jama kar diya tha. Toh is wajah se cost penalty ko maaf kar diya gaya.
Market Manipulators Ke Liye Kya Matlab?
Ab iska matlab kya hai? Market manipulators ke liye yeh ek bada jhatka hai. Ab woh yeh excuse nahi de sakte ki 'tax toh bhar diya'. Unko poora galat paisa recover hone ke liye taiyar rehna padega. Aur jo pehle trades kiye gaye the, agar woh manipulative scheme ka part hain, toh woh bhi include honge. Court ne Monal Y Thakker vs ACIT case ka reference bhi diya, jahan SEBI payments ko income tax ke liye exclude kiya gaya tha. Toh yeh rules clearly dikhate hain ki galat kaam karke kamaya gaya paisa, chahe tax bhar do, poora ka poora wapas karna padega. Isse market ki integrity aur badhegi.