https://www.taxtmi.com/caselaws?id=103910 A person validly summoned under section 40 of the Foreign Exchange Regulation Act, 1973 may be required to furnish a written statement and sign it, because that procedure is not barred by the statute or the Constitution. The Court found no presumption that such a statement is involuntary and no record of actual coercion. It further held that cautioning the summoned person that giving an untruthful statement is an offence is authorised by section 40(3) and does not amount to impermissible pressure, especially in light of section 40(4). The challenge to the summons and the recording of written statements therefore failed. en-us Tue, 16 Sep 1997 00:00:00 +0530 Mon, 29 Dec 2025 22:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103910 A person validly summoned under section 40 of the Foreign Exchange Regulation Act, 1973 may be required to furnish a written statement and sign it, because that procedure is not barred by the statute or the Constitution. The Court found no presumption that such a statement is involuntary and no record of actual coercion. It further held that cautioning the summoned person that giving an untruthful statement is an offence is authorised by section 40(3) and does not amount to impermissible pressure, especially in light of section 40(4). The challenge to the summons and the recording of written statements therefore failed. Case-Laws Companies Law Tue, 16 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103910