https://www.taxtmi.com/caselaws?id=262319 The High Court modified the Chairman's order in an appeal under the Foreign Exchange Management Act, 1999, directing one Appellant to deposit a specific amount within a timeframe to proceed. The Court emphasized the need for a balanced approach, proper compliance assessment, and judicious exercise of discretion by the Tribunal, criticizing the blanket conditions imposed. Compliance with the Court's order was mandated, with consequences for defaults and the liberty to apply for an early hearing post-deposit, while keeping all contentions on the merits open for further consideration. en-us Wed, 21 Jan 2015 00:00:00 +0530 Fri, 07 Aug 2015 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262319 The High Court modified the Chairman's order in an appeal under the Foreign Exchange Management Act, 1999, directing one Appellant to deposit a specific amount within a timeframe to proceed. The Court emphasized the need for a balanced approach, proper compliance assessment, and judicious exercise of discretion by the Tribunal, criticizing the blanket conditions imposed. Compliance with the Court's order was mandated, with consequences for defaults and the liberty to apply for an early hearing post-deposit, while keeping all contentions on the merits open for further consideration. Case-Laws FEMA Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262319