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2010 (10) TMI 1187 - SECURITIES APPELLATE TRIBUNAL, MUMBAIExtract: .......ase were only for tax planning and do not manipulate the market and nor are they fictitious or non-genuine. In this view of the matter, the charge against the appellant of violating regulations 3 and 4 of the FUTP Regulations cannot be sustained. In the result, all the appeals are allowed and the impugned orders set aside with no order as to costs.
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