Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The High Court addressed a case involving a violation of natural justice principles due to the non-receipt of show cause notice or impugned order until a recovery notice was received. The notice for a personal hearing was returned as "no such person in the address." The court noted that the petitioner had proof of residence at the address in question after purchasing a house. Consequently, the court set aside the impugned order but required the petitioner to pay Rs. 50,000 towards the tax demand within three weeks of receiving the court's order. The petition was disposed of accordingly.
The High Court addressed a case involving a violation of natural justice principles due to the non-receipt of show cause notice or impugned order until a recovery notice was received. The notice for a personal hearing was returned as "no such person in the address." The court noted that the petitioner had proof of residence at the address in question after purchasing a house. Consequently, the court set aside the impugned order but required the petitioner to pay Rs. 50,000 towards the tax demand within three weeks of receiving the court's order. The petition was disposed of accordingly.
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