Delay of 512 days not condoned where actual notice established by acknowledgment letter; appeal filing refused under PFUTP rules

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....The AT dismissed the application for condonation of delay of 512 days and refused to condone the delayed filing of the appeal. The Tribunal found dispositive evidence-an acknowledgment letter from the HUF's Karta confirming receipt of the SCN on 9.12.2021 and seeking time to reply-matching the address in the appeal and SCN, and the subsequent recovery notice sent to the same address, which established actual notice of proceedings. The appellant's plea of non-receipt was held factually incorrect; accordingly the AT found no merit in excusing the delay and rejected the prayer for condonation, leaving the substantive challenge to the SEBI (PFUTP) allegations unadmitted for adjudication.....