https://www.taxtmi.com/caselaws?id=161109 A penalty under the Foreign Exchange Regulation Act could not be sustained where the only material was a retracted confession and voluntariness was not established. The Tribunal held that, without proof that the statement was made free from threat or coercion and without independent corroborative evidence, the confession alone could not prove the alleged contravention of Section 9(1)(a) or Section 9(1)(b). As the alleged receipt or payment to a person resident outside India was otherwise unproved, the statutory violation was not made out and the penalty was annulled. en-us Tue, 12 Oct 2010 00:00:00 +0530 Thu, 02 Jan 2014 17:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161109 A penalty under the Foreign Exchange Regulation Act could not be sustained where the only material was a retracted confession and voluntariness was not established. The Tribunal held that, without proof that the statement was made free from threat or coercion and without independent corroborative evidence, the confession alone could not prove the alleged contravention of Section 9(1)(a) or Section 9(1)(b). As the alleged receipt or payment to a person resident outside India was otherwise unproved, the statutory violation was not made out and the penalty was annulled. Case-Laws FEMA Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161109