Continuing offence of money-laundering: discharge set aside and proceedings reinstated where laundering continued after inclusion of predicate offence...
International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
The dominant issue was whether the adjudication order passed pursuant to a show cause notice, where the notice-period was impacted by challenged extension notifications, should stand despite the petitioner not having filed any reply or attended hearing. The Court held that, since the validity of the extension notifications is pending consideration and the petitioner did not get a proper opportunity to present its case on merits, principles of natural justice warranted remand to enable a response and hearing before the adjudicating authority. The impugned order was set aside and the matter remanded for fresh adjudication. - HC
The dominant issue was whether the adjudication order passed pursuant to a show cause notice, where the notice-period was impacted by challenged extension notifications, should stand despite the petitioner not having filed any reply or attended hearing. The Court held that, since the validity of the extension notifications is pending consideration and the petitioner did not get a proper opportunity to present its case on merits, principles of natural justice warranted remand to enable a response and hearing before the adjudicating authority. The impugned order was set aside and the matter remanded for fresh adjudication. - HC
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