https://www.taxtmi.com/caselaws?id=215492 Penalty for alleged abetment of a foreign exchange contravention could not be sustained where the principal accused had already been exonerated on the same documents and evidence. Once the finding that the underlying violation was not proved had attained finality, the same material could not be relied on to establish that the appellant aided and abetted the supposed breach. The HC held that the Tribunal's conclusion treating the appellant's charge as proved was unsustainable, and the penalty was set aside. en-us Thu, 02 Aug 2012 00:00:00 +0530 Wed, 08 Aug 2012 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215492 Penalty for alleged abetment of a foreign exchange contravention could not be sustained where the principal accused had already been exonerated on the same documents and evidence. Once the finding that the underlying violation was not proved had attained finality, the same material could not be relied on to establish that the appellant aided and abetted the supposed breach. The HC held that the Tribunal's conclusion treating the appellant's charge as proved was unsustainable, and the penalty was set aside. Case-Laws FEMA Thu, 02 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215492