https://www.taxtmi.com/caselaws?id=189940 A retracted inculpatory statement under the Foreign Exchange Regulation Act, 1973 could not safely sustain a finding of contravention without independent corroboration. The alleged diary was not relied on in the show-cause notice, was not disclosed to the appellant, and the surrounding evidence was not independently supported, so the adverse finding was unsustainable. Adjudication was also vitiated where the same officer participated in the investigation, issued the notice and then passed the order, because this created a serious risk of bias and breached natural justice. The impugned orders were therefore held unsustainable and the penalties and charges were set aside. en-us Thu, 06 Aug 2015 00:00:00 +0530 Fri, 27 Jan 2017 08:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189940 A retracted inculpatory statement under the Foreign Exchange Regulation Act, 1973 could not safely sustain a finding of contravention without independent corroboration. The alleged diary was not relied on in the show-cause notice, was not disclosed to the appellant, and the surrounding evidence was not independently supported, so the adverse finding was unsustainable. Adjudication was also vitiated where the same officer participated in the investigation, issued the notice and then passed the order, because this created a serious risk of bias and breached natural justice. The impugned orders were therefore held unsustainable and the penalties and charges were set aside. Case-Laws Indian Laws Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189940