https://www.taxtmi.com/caselaws?id=113560 The High Court of Delhi addressed a writ petition challenging the Appellate Tribunal's dismissal of an application for waiver of pre-deposit of a penalty under the Foreign Exchange Regulation Act, 1973. The petitioner, an ex-employee of an airline, faced penalties for acquiring foreign exchange against the Act. Due to significant delays in the adjudication process and the petitioner's financial circumstances, the Court directed a reduced deposit and specified security measures. The Court emphasized that its directives were specific to the petition and would not influence the Tribunal's decision on the appeal's merits. en-us Wed, 09 Dec 2009 00:00:00 +0530 Sat, 05 May 2012 17:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113560 The High Court of Delhi addressed a writ petition challenging the Appellate Tribunal's dismissal of an application for waiver of pre-deposit of a penalty under the Foreign Exchange Regulation Act, 1973. The petitioner, an ex-employee of an airline, faced penalties for acquiring foreign exchange against the Act. Due to significant delays in the adjudication process and the petitioner's financial circumstances, the Court directed a reduced deposit and specified security measures. The Court emphasized that its directives were specific to the petition and would not influence the Tribunal's decision on the appeal's merits. Case-Laws FEMA Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113560