https://www.taxtmi.com/article/detailed?id=597 The Directorate may issue summons using powers analogous to those in the Income Tax Act to investigate contraventions under the Act; because the statute replaced an offence-based regime with a penalty-focused investigatory framework, challenges alleging lack of application of mind or roving enquiry do not, absent stronger grounds, justify a stay of such statutory summons, and a writ seeking prohibition of issuance was rejected by the High Court. en-us Wed, 09 Dec 2009 00:00:00 +0530 Wed, 09 Dec 2009 21:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=597 The Directorate may issue summons using powers analogous to those in the Income Tax Act to investigate contraventions under the Act; because the statute replaced an offence-based regime with a penalty-focused investigatory framework, challenges alleging lack of application of mind or roving enquiry do not, absent stronger grounds, justify a stay of such statutory summons, and a writ seeking prohibition of issuance was rejected by the High Court. Articles FEMA - Foreign Exchange Management Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=597