https://www.taxtmi.com/caselaws?id=205866 Section 49(3) of FEMA bars adjudication on a contravention of the repealed Act after two years from FEMA's commencement unless the adjudicating officer has taken notice within that period. The court explained that "take notice" means the stage at which the officer applies his mind to the materials and forms a prima facie view before issuing the first show-cause notice under the Adjudication Proceedings and Appeal Rules, 1974. It is not equivalent to service of notice, expiry of the reply period, or criminal-law concepts such as taking cognizance. Section 49(5)(a) does not require service within two years. On this construction, notice was taken in time and the adjudication was valid. en-us Thu, 16 Dec 2010 00:00:00 +0530 Fri, 04 May 2012 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205866 Section 49(3) of FEMA bars adjudication on a contravention of the repealed Act after two years from FEMA's commencement unless the adjudicating officer has taken notice within that period. The court explained that "take notice" means the stage at which the officer applies his mind to the materials and forms a prima facie view before issuing the first show-cause notice under the Adjudication Proceedings and Appeal Rules, 1974. It is not equivalent to service of notice, expiry of the reply period, or criminal-law concepts such as taking cognizance. Section 49(5)(a) does not require service within two years. On this construction, notice was taken in time and the adjudication was valid. Case-Laws FEMA Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205866