2011 (5) TMI 1098

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..... JUDGMENT Writ petition filed by the petitioner was disposed of vide orders dated 03.12.2009 and operative portion of the said order reads as under: Keeping in view the second contention, we are of the opinion that the equities in the matter can be balanced by allowing the AO to go ahead with the assessment proceedings as they appear to be time consuming. At the same t .....

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..... ble request for adjournment shall be entertained by the Adjudicating Authority. We are further informed by the learned counsel for the petitioner that after the aforesaid order of the Supreme Court, the ED has issued notices to all the concerns and proceedings before him have already been commenced. As per the provisions contained in the Foreign Exchange Management Act, the Adjudicating A .....

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