https://www.taxtmi.com/caselaws?id=341109 The High Court set aside the order imposing penalties under the SEZ Act and FT(D&R) Act, 1992, due to lack of notice and opportunity for defense to the petitioners. The Court emphasized the necessity of specific proposals and a reasonable chance to defend against penalties under Section 11 of the FT(D&R) Act, highlighting the impermissibility of imposing personal penalties on directors without prior notice. The judgment prioritized upholding principles of natural justice and fair procedure in penalty imposition cases, allowing for potential fresh action by the department if compliant with the law. en-us Fri, 16 Sep 2016 00:00:00 +0530 Mon, 03 Apr 2017 07:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341109 The High Court set aside the order imposing penalties under the SEZ Act and FT(D&R) Act, 1992, due to lack of notice and opportunity for defense to the petitioners. The Court emphasized the necessity of specific proposals and a reasonable chance to defend against penalties under Section 11 of the FT(D&R) Act, highlighting the impermissibility of imposing personal penalties on directors without prior notice. The judgment prioritized upholding principles of natural justice and fair procedure in penalty imposition cases, allowing for potential fresh action by the department if compliant with the law. Case-Laws Customs Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341109