https://www.taxtmi.com/caselaws?id=778619 HC allowed the petition, holding that the license in Form-B2 was properly granted because at least one director cleared the Regulation 6 examination and met Regulation 7(2) eligibility. The respondents' public notice withdrawing the provisional/converted license amounted to revocation but failed to follow the revocation and penalty procedures prescribed by Regulation 14 read with Regulation 17. The withdrawal was therefore impermissible and set aside, the court noting the Regulations do not authorize the respondents' purported mode of withdrawal. en-us Tue, 16 Sep 2025 00:00:00 +0530 Fri, 19 Sep 2025 08:33:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778619 HC allowed the petition, holding that the license in Form-B2 was properly granted because at least one director cleared the Regulation 6 examination and met Regulation 7(2) eligibility. The respondents' public notice withdrawing the provisional/converted license amounted to revocation but failed to follow the revocation and penalty procedures prescribed by Regulation 14 read with Regulation 17. The withdrawal was therefore impermissible and set aside, the court noting the Regulations do not authorize the respondents' purported mode of withdrawal. Case-Laws Customs Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778619