https://www.taxtmi.com/caselaws?id=332091 An adjudication penalty under the Foreign Exchange Regulation Act, 1973 was held unsustainable where the proceedings were conducted ex parte without adequate proof of effective notice, the appellant was not independently identified by bankers or recipients, and the order relied on uncorroborated statements and materials. The reasoning also failed to clearly establish the appellant's role and improperly attributed a co-noticee's acts to him. Because the order was arbitrary, inadequately reasoned, and contrary to the principles of natural justice, the penalty was set aside. en-us Tue, 02 Aug 2016 00:00:00 +0530 Fri, 09 Sep 2016 22:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332091 An adjudication penalty under the Foreign Exchange Regulation Act, 1973 was held unsustainable where the proceedings were conducted ex parte without adequate proof of effective notice, the appellant was not independently identified by bankers or recipients, and the order relied on uncorroborated statements and materials. The reasoning also failed to clearly establish the appellant's role and improperly attributed a co-noticee's acts to him. Because the order was arbitrary, inadequately reasoned, and contrary to the principles of natural justice, the penalty was set aside. Case-Laws FEMA Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332091