https://www.taxtmi.com/caselaws?id=328294 Full waiver of pre-deposit was warranted in the FERA appeal because the Tribunal had only granted partial dispensation despite a long and unexplained delay of about nine years in issuing the second show cause notice, even though the revenue already had the relevant material from the earlier search and recorded statements. The court held that reliance on a FEMA precedent was misplaced because the appellate scheme under FERA was materially different. It also noted that the appellant acted only as an agent of the principal and that these circumstances were not given due weight. Full dispensation was therefore held to be justified. en-us Thu, 05 May 2016 00:00:00 +0530 Wed, 01 Jun 2016 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328294 Full waiver of pre-deposit was warranted in the FERA appeal because the Tribunal had only granted partial dispensation despite a long and unexplained delay of about nine years in issuing the second show cause notice, even though the revenue already had the relevant material from the earlier search and recorded statements. The court held that reliance on a FEMA precedent was misplaced because the appellate scheme under FERA was materially different. It also noted that the appellant acted only as an agent of the principal and that these circumstances were not given due weight. Full dispensation was therefore held to be justified. Case-Laws FEMA Thu, 05 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328294