https://www.taxtmi.com/caselaws?id=279395 In an appeal under Section 54 of the Foreign Exchange Regulation Act, 1947, the High Court could examine both the finding of contravention and the quantum of penalty. Reading Section 54 with Section 52(3), the Court treated the appellate power to modify orders as extending to the penalty once the matter was before the appellate forum, absent any express restriction. An appeal framed as a question of law did not bar consideration of the penalty, and the High Court was competent to reduce it. en-us Tue, 06 Nov 1990 00:00:00 +0530 Fri, 15 Mar 2019 15:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279395 In an appeal under Section 54 of the Foreign Exchange Regulation Act, 1947, the High Court could examine both the finding of contravention and the quantum of penalty. Reading Section 54 with Section 52(3), the Court treated the appellate power to modify orders as extending to the penalty once the matter was before the appellate forum, absent any express restriction. An appeal framed as a question of law did not bar consideration of the penalty, and the High Court was competent to reduce it. Case-Laws FEMA Tue, 06 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279395