https://www.taxtmi.com/caselaws?id=372861 The High Court allowed the appeal against the penalty imposed under the Foreign Exchange Management Act, 1999. The Court directed the appellant to pay a reduced sum within a specified time frame, staying further penalty recovery pending appeal disposal. After compliance with the payment condition, the Court modified the Tribunal's order, confirming the payment made and staying the remaining penalty amount until the appeal's resolution. The Court emphasized cooperation from the appellant and reserved the respondent's right to seek order variations if needed. en-us Wed, 05 Dec 2018 00:00:00 +0530 Tue, 01 Jan 2019 13:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372861 The High Court allowed the appeal against the penalty imposed under the Foreign Exchange Management Act, 1999. The Court directed the appellant to pay a reduced sum within a specified time frame, staying further penalty recovery pending appeal disposal. After compliance with the payment condition, the Court modified the Tribunal's order, confirming the payment made and staying the remaining penalty amount until the appeal's resolution. The Court emphasized cooperation from the appellant and reserved the respondent's right to seek order variations if needed. Case-Laws FEMA Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372861