https://www.taxtmi.com/caselaws?id=366457 The Tribunal allowed the appeal, setting aside the penalty of Rs. 30 lakhs imposed under Section 50 of erstwhile FERA, 1973. The decision was based on improper service of adjudicating order and show cause notices, failure to consider documentary evidence, initiation of proceedings beyond the limitation period, and the appellant's financial hardship. The appeal was allowed with no costs. en-us Fri, 31 Aug 2018 00:00:00 +0530 Wed, 05 Sep 2018 08:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366457 The Tribunal allowed the appeal, setting aside the penalty of Rs. 30 lakhs imposed under Section 50 of erstwhile FERA, 1973. The decision was based on improper service of adjudicating order and show cause notices, failure to consider documentary evidence, initiation of proceedings beyond the limitation period, and the appellant's financial hardship. The appeal was allowed with no costs. Case-Laws FEMA Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366457