https://www.taxtmi.com/caselaws?id=385898 The Tribunal found that the appellants qualified as "Resident Indians" under FEMA, having resided in India for over 182 days, allowing them to acquire properties without RBI permission. The Tribunal determined no violations of FEMA regulations by the appellants, setting aside penalties and confiscation ordered by the Respondent authority. The decision emphasized the importance of compliance with legal channels for fund transfers and highlighted the lack of proper consideration in the Respondent authority's order. The appeal was allowed without costs. en-us Thu, 12 Sep 2019 00:00:00 +0530 Mon, 16 Sep 2019 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385898 The Tribunal found that the appellants qualified as "Resident Indians" under FEMA, having resided in India for over 182 days, allowing them to acquire properties without RBI permission. The Tribunal determined no violations of FEMA regulations by the appellants, setting aside penalties and confiscation ordered by the Respondent authority. The decision emphasized the importance of compliance with legal channels for fund transfers and highlighted the lack of proper consideration in the Respondent authority's order. The appeal was allowed without costs. Case-Laws FEMA Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385898