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Penalty imposed u/s 15HA to be set aside due to inordinate delay of 5 yrs in initiating proceeding and issuing SCN

February 12, 2020[2020] 113 486 (SAT)

COMPANY LAW: Where there was inordinate delay of more than five years in initiating proceeding and issuing show-cause notice after investigation, penalty imposed on appellants under section 15HA on allegation of unfair trade practices was to be set aside

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