https://www.taxtmi.com/highlights?id=48398 FDI - Automatic route or not - Inward remittances made into India in the year 2008, through normal banking channels - bidding of IPL - The present case cannot be compared with another case of sport event, as the facts and circumstances were materially different - whether it is a bona-fide or not, but violation has occurred - after refusal of approval for two times, the appellants cannot be allowed to take the benefit of automatic route - Penalties are exorbitant, hence reduced. en-us Sat, 03 Aug 2019 08:16:06 +0530 Sat, 03 Aug 2019 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48398 FDI - Automatic route or not - Inward remittances made into India in the year 2008, through normal banking channels - bidding of IPL - The present case cannot be compared with another case of sport event, as the facts and circumstances were materially different - whether it is a bona-fide or not, but violation has occurred - after refusal of approval for two times, the appellants cannot be allowed to take the benefit of automatic route - Penalties are exorbitant, hence reduced. Highlights FEMA Sat, 03 Aug 2019 08:16:06 +0530 https://www.taxtmi.com/highlights?id=48398