TaxTMI 
TaxTMI 
2004 (1) TMI 734
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....nt : T.K. Gadoo ORDER D.P. Sharma, Chairperson. - This appeal is directed against adjudication order No. ADJ/256/ AD(HGS)/B/2003 dated 22-9-2003 whereby the appellant has been held guilty of contravention of the provisions of section 8(3) r/w section 8(4) of FERA, 1973 and penalty of Rs. 18 lakhs has been imposed for this contravention. 2. Feeling aggrieved of the said order, the present appea....
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.... was out of station. However, without giving any consideration to their request for adjournment, the learned Adjudicating Officer proceeded ex parte in the matter. Thus the appellant was not accorded an opportunity of being heard in the matter as per the law. It has further been stated by the appellant that after receiving the impugned order, the concerned bank was approached vide appellant's lett....
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....s not before the learned Adjudicating Officer at the time when he passed the impugned order, the matter may be remanded back for his consideration to enable him to take appropriate action in the matter. 4. Having given our careful consideration to the matter, we find much force in the submissions of Shri Ashutosh. In view of the material which has been brought on record and submissions made by th....