https://www.taxtmi.com/caselaws?id=280945 The court upheld the impugned proceedings, dismissing the writ petition challenging the applicability of Section 42 of the Foreign Exchange Management Act to BCCI. Previous judgments affirming BCCI's status as falling under the Act's definition of 'person' were cited, leading to the rejection of the petitioner's contentions. The court emphasized the settled nature of the jurisdictional issue and declined to interfere, finding no merit in the petitioner's arguments. The writ petition was dismissed without costs imposed on either party. en-us Mon, 09 Jul 2018 00:00:00 +0530 Tue, 28 May 2019 07:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280945 The court upheld the impugned proceedings, dismissing the writ petition challenging the applicability of Section 42 of the Foreign Exchange Management Act to BCCI. Previous judgments affirming BCCI's status as falling under the Act's definition of 'person' were cited, leading to the rejection of the petitioner's contentions. The court emphasized the settled nature of the jurisdictional issue and declined to interfere, finding no merit in the petitioner's arguments. The writ petition was dismissed without costs imposed on either party. Case-Laws FEMA Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280945