https://www.taxtmi.com/caselaws?id=179971 A claimed gift received through an NRE account must be supported by credible surrounding circumstances and corroborative evidence; a bare description of the receipt as a gift is insufficient. On the facts, the absence of proof of close relationship or remitter confirmation, together with a pattern of similar transactions, supported the inference of a counter-payment arrangement, so contravention under section 9(1)(a) of the Foreign Exchange Regulation Act, 1973 was upheld. Mitigating factors, including the recipient's widowhood, limited means, and the solitary nature of the transaction, justified reduction of penalty, which was therefore substantially lowered. en-us Wed, 06 Mar 1996 00:00:00 +0530 Sat, 06 May 2017 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179971 A claimed gift received through an NRE account must be supported by credible surrounding circumstances and corroborative evidence; a bare description of the receipt as a gift is insufficient. On the facts, the absence of proof of close relationship or remitter confirmation, together with a pattern of similar transactions, supported the inference of a counter-payment arrangement, so contravention under section 9(1)(a) of the Foreign Exchange Regulation Act, 1973 was upheld. Mitigating factors, including the recipient's widowhood, limited means, and the solitary nature of the transaction, justified reduction of penalty, which was therefore substantially lowered. Case-Laws FEMA Wed, 06 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179971