De-notification of Customs Area and termination of Container Freight Station custodian and Customs Cargo Service Provider authority effective 07-01-20...
Transition support services from corporate spinoff for India business segment - TP adjustment deleted; comparables reassessed; goodwill depreciation, ...
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The HC held that the Single Judge's directions subjecting the SFIO's investigative report to prior judicial scrutiny, and reserving to the Court the prerogative to direct prosecution, were contrary to the statutory scheme and amounted to an impermissible arrogation of powers vested in the designated authority. The HC emphasized that once an investigation under the statute is initiated, its course and consequent actions must proceed strictly as mandated by law and cannot be interdicted or re-routed by judicial orders. Finding that the impugned order dated 23.04.2024 travelled beyond the scope of the governing Act, the HC set aside that order in entirety and disposed of the appeal.
The HC held that the Single Judge's directions subjecting the SFIO's investigative report to prior judicial scrutiny, and reserving to the Court the prerogative to direct prosecution, were contrary to the statutory scheme and amounted to an impermissible arrogation of powers vested in the designated authority. The HC emphasized that once an investigation under the statute is initiated, its course and consequent actions must proceed strictly as mandated by law and cannot be interdicted or re-routed by judicial orders. Finding that the impugned order dated 23.04.2024 travelled beyond the scope of the governing Act, the HC set aside that order in entirety and disposed of the appeal.
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