https://www.taxtmi.com/caselaws?id=376803 The appeal was dismissed on merits, upholding the penalty imposed under FEMA for contraventions amounting to receiving unauthorized funds in India. The appellant's claims of coercion in statement recordings were refuted, and the denial of cross-examination was deemed non-prejudicial. The ownership claim over seized funds was rejected as unsubstantiated. Despite financial hardship, the appellant was exempted from paying the penalty due to his dire financial situation. The tribunal affirmed the seizure of funds and contraventions under FEMA. en-us Fri, 08 Mar 2019 00:00:00 +0530 Sat, 16 Mar 2019 08:24:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376803 The appeal was dismissed on merits, upholding the penalty imposed under FEMA for contraventions amounting to receiving unauthorized funds in India. The appellant's claims of coercion in statement recordings were refuted, and the denial of cross-examination was deemed non-prejudicial. The ownership claim over seized funds was rejected as unsubstantiated. Despite financial hardship, the appellant was exempted from paying the penalty due to his dire financial situation. The tribunal affirmed the seizure of funds and contraventions under FEMA. Case-Laws FEMA Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376803