Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
The High Court set aside the order rejecting revocation of cancellation of registration after finding that the petitioner should be given an adequate opportunity to respond to the show-cause notice in the revocation proceedings. It did not decide whether the original time granted by the authority was sufficient on merits; instead, it applied natural justice and directed that the petitioner be allowed to file objections within the time fixed by the Court. The authority was then required to consider those objections and pass a fresh order.
The High Court set aside the order rejecting revocation of cancellation of registration after finding that the petitioner should be given an adequate opportunity to respond to the show-cause notice in the revocation proceedings. It did not decide whether the original time granted by the authority was sufficient on merits; instead, it applied natural justice and directed that the petitioner be allowed to file objections within the time fixed by the Court. The authority was then required to consider those objections and pass a fresh order.
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