Under FEMA Section 3, sworn statements are presumed true; retraction alone won't absolve violations without contrary evidence.

Under FEMA Section 3, sworn statements are presumed true; retraction alone won't absolve violations without contrary evidence. https://www.taxtmi.com/highlights?id=37782 Contravention of section 3 FEMA - A statement made under oath has to be taken as true, unless there is contra evidence to dispel that presumption. Mere retraction of a statement made under oath cannot help the appellant to get relief from the consequences of violations of an act. - AT en-us Tue, 30 Jan 2018 11:05:14 +0530 Tue, 30 Jan 2018 11:05:14 +0530 TaxTMI RSS Generator Under FEMA Section 3, sworn statements are presumed true; retraction alone won't absolve violations without contrary evidence. https://www.taxtmi.com/highlights?id=37782 Contravention of section 3 FEMA - A statement made under oath has to be taken as true, unless there is contra evidence to dispel that presumption. Mere retraction of a statement made under oath cannot help the appellant to get relief from the consequences of violations of an act. - AT Highlights FEMA Tue, 30 Jan 2018 11:05:14 +0530 https://www.taxtmi.com/highlights?id=37782