https://www.taxtmi.com/caselaws?id=355158 Penalty for alleged abetment of contravention of foreign exchange law requires clear evidence linking the person to the prohibited transaction. Mere inference from conduct or non-appearance, without a factual investigation or specific material showing participation, is insufficient. Where the record does not establish abetment, common intention, or direct involvement in the fraudulent transfer of foreign exchange, the penalty cannot be sustained. en-us Wed, 31 Jan 2018 00:00:00 +0530 Fri, 09 Feb 2018 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355158 Penalty for alleged abetment of contravention of foreign exchange law requires clear evidence linking the person to the prohibited transaction. Mere inference from conduct or non-appearance, without a factual investigation or specific material showing participation, is insufficient. Where the record does not establish abetment, common intention, or direct involvement in the fraudulent transfer of foreign exchange, the penalty cannot be sustained. Case-Laws FEMA Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355158