https://www.taxtmi.com/caselaws?id=7292 Legal representatives of a deceased sole proprietor could not be fastened with a penalty for the proprietor's alleged foreign exchange contravention under the Foreign Exchange Regulation Act, 1947, because the contraventions were said to have occurred during the father's lifetime and there was no material showing the sons' role, control, or knowledge of the transactions. The Court treated vicarious liability in penal regulatory statutes as exceptional and held that it cannot be extended in the absence of an express statutory provision. The penalty order was therefore unsustainable and was set aside. en-us Mon, 25 Mar 1968 00:00:00 +0530 Tue, 17 Feb 2009 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7292 Legal representatives of a deceased sole proprietor could not be fastened with a penalty for the proprietor's alleged foreign exchange contravention under the Foreign Exchange Regulation Act, 1947, because the contraventions were said to have occurred during the father's lifetime and there was no material showing the sons' role, control, or knowledge of the transactions. The Court treated vicarious liability in penal regulatory statutes as exceptional and held that it cannot be extended in the absence of an express statutory provision. The penalty order was therefore unsustainable and was set aside. Case-Laws Central Excise Mon, 25 Mar 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7292