https://www.taxtmi.com/caselaws?id=183816 In adjudication under the Foreign Exchange Regulation Act, 1973, delay alone does not make proceedings stale or void where the record shows the matter remained alive through connected litigation, interim orders and related proceedings. The Court applied a facts-based test of reasonableness rather than any fixed limitation period, and rejected prejudice arguments based on loss of records and unavailable employees because the parties had actively participated and retained their own materials. It also held that valid jurisdiction to issue the show-cause notice was not displaced by later compliance or subsequent events, particularly where the objection had not been raised earlier before the Adjudicating Authority. en-us Fri, 27 Jul 2007 00:00:00 +0530 Wed, 22 Jun 2016 13:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183816 In adjudication under the Foreign Exchange Regulation Act, 1973, delay alone does not make proceedings stale or void where the record shows the matter remained alive through connected litigation, interim orders and related proceedings. The Court applied a facts-based test of reasonableness rather than any fixed limitation period, and rejected prejudice arguments based on loss of records and unavailable employees because the parties had actively participated and retained their own materials. It also held that valid jurisdiction to issue the show-cause notice was not displaced by later compliance or subsequent events, particularly where the objection had not been raised earlier before the Adjudicating Authority. Case-Laws FEMA Fri, 27 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183816