https://www.taxtmi.com/caselaws?id=381887 The High Court of Madras addressed the challenge to the Appellate Tribunal for Foreign Exchange's order regarding stay and waiver of pre-deposit. The Court found the Tribunal's dismissal of appeals for non-prosecution improper, directing restoration of the appeals for further proceedings. Acknowledging the appellants' financial hardship, the Court modified the order, requiring a 50% penalty deposit and a bond for the remaining amount. This decision aimed to balance the appellants' financial constraints with the need for a fair hearing. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 21 Jun 2019 08:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381887 The High Court of Madras addressed the challenge to the Appellate Tribunal for Foreign Exchange's order regarding stay and waiver of pre-deposit. The Court found the Tribunal's dismissal of appeals for non-prosecution improper, directing restoration of the appeals for further proceedings. Acknowledging the appellants' financial hardship, the Court modified the order, requiring a 50% penalty deposit and a bond for the remaining amount. This decision aimed to balance the appellants' financial constraints with the need for a fair hearing. Case-Laws FEMA Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381887