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

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

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194811/once-penalty-order-by-ao-was-set-aside-sebi-can’t-withhold-amount-recovered-pursuant-to-such-order.aspx