https://www.taxtmi.com/caselaws?id=279865 Concurrent findings of fact upholding contravention of foreign exchange provisions were supported by statements recorded during investigation, seized documentary evidence, and corroborative third-party statements showing that the foreign bank account was operated on the appellants' instructions in connection with company business. No perversity in those findings was demonstrated, and the penalty had already been substantially reduced by the Appellate Tribunal. Interference by the appellate court was therefore not warranted, and the appeal failed. en-us Fri, 14 Mar 2008 00:00:00 +0530 Tue, 09 Apr 2019 14:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279865 Concurrent findings of fact upholding contravention of foreign exchange provisions were supported by statements recorded during investigation, seized documentary evidence, and corroborative third-party statements showing that the foreign bank account was operated on the appellants' instructions in connection with company business. No perversity in those findings was demonstrated, and the penalty had already been substantially reduced by the Appellate Tribunal. Interference by the appellate court was therefore not warranted, and the appeal failed. Case-Laws FEMA Fri, 14 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279865