https://www.taxtmi.com/caselaws?id=753270 A meaningful reply to a show-cause notice cannot be expected unless the material relied on is disclosed to the noticee. Where proposed fraud classification depends on documents not supplied with the notice, fair procedure and natural justice require inspection of the relevant records and supply of the specific foundational documents before any reply is demanded. Because fraud classification carries serious civil consequences, the noticee must be given a real opportunity to examine the records and respond. The petitioner was therefore entitled to inspect the relevant company records held with the lead bank and the resolution professional, receive the identified documents, and then file a reply. en-us Wed, 22 May 2024 00:00:00 +0530 Thu, 30 May 2024 07:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753270 A meaningful reply to a show-cause notice cannot be expected unless the material relied on is disclosed to the noticee. Where proposed fraud classification depends on documents not supplied with the notice, fair procedure and natural justice require inspection of the relevant records and supply of the specific foundational documents before any reply is demanded. Because fraud classification carries serious civil consequences, the noticee must be given a real opportunity to examine the records and respond. The petitioner was therefore entitled to inspect the relevant company records held with the lead bank and the resolution professional, receive the identified documents, and then file a reply. Case-Laws Indian Laws Wed, 22 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753270