https://www.taxtmi.com/caselaws?id=377888 Where a later adjudication rests on the same seized diary entries and the same legal issue already decided on merits, the prior final ruling governs. The earlier High Court decision had held that diary entries, by themselves, are not substantive evidence of unlawful foreign exchange transactions and cannot establish contravention. Because the Supreme Court dismissed the challenge to that ruling, the determination attained finality. In these circumstances, the Tribunal declined to depart from the binding earlier view and treated the subsequent order and show cause notice founded on the diary entries as unsustainable. en-us Thu, 28 Mar 2019 00:00:00 +0530 Fri, 05 Apr 2019 07:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377888 Where a later adjudication rests on the same seized diary entries and the same legal issue already decided on merits, the prior final ruling governs. The earlier High Court decision had held that diary entries, by themselves, are not substantive evidence of unlawful foreign exchange transactions and cannot establish contravention. Because the Supreme Court dismissed the challenge to that ruling, the determination attained finality. In these circumstances, the Tribunal declined to depart from the binding earlier view and treated the subsequent order and show cause notice founded on the diary entries as unsustainable. Case-Laws FEMA Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377888