https://www.taxtmi.com/caselaws?id=111235 The High Court upheld the Appellate Tribunal's decision to release a seized amount of Rs. 10,29,000, finding no evidence linking it to any violation of the Foreign Exchange Management Act, 1999. The court emphasized that the adjudicating authority and Tribunal had correctly considered all evidence, including statements from individuals involved, and concluded that there was no error in their findings. The acceptance of the adjudication order by a co-noticee did not impact the charge against the respondent, leading to the dismissal of the civil miscellaneous second appeal. en-us Thu, 08 Mar 2007 00:00:00 +0530 Sat, 28 Apr 2012 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111235 The High Court upheld the Appellate Tribunal's decision to release a seized amount of Rs. 10,29,000, finding no evidence linking it to any violation of the Foreign Exchange Management Act, 1999. The court emphasized that the adjudicating authority and Tribunal had correctly considered all evidence, including statements from individuals involved, and concluded that there was no error in their findings. The acceptance of the adjudication order by a co-noticee did not impact the charge against the respondent, leading to the dismissal of the civil miscellaneous second appeal. Case-Laws Companies Law Thu, 08 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111235