https://www.taxtmi.com/caselaws?id=404706 The Court upheld the Appellate Board's decision, dismissing the Civil Miscellaneous Appeal and imposing no costs. The Appellate Board found an accidental slip in its earlier order and decided to give the benefit of doubt to the respondent, setting aside the punishment of fine imposed by the Enforcement Authorities for alleged unauthorized receipt of payment under the Foreign Exchange Regulation Act, 1973. Despite the Enforcement Directorate's contention that the Appellate Board exceeded its power, the Court held that Section 65 of the Act allows for correction of errors, affirming the decision in favor of the respondent. en-us Mon, 22 Feb 2021 00:00:00 +0530 Mon, 01 Mar 2021 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404706 The Court upheld the Appellate Board's decision, dismissing the Civil Miscellaneous Appeal and imposing no costs. The Appellate Board found an accidental slip in its earlier order and decided to give the benefit of doubt to the respondent, setting aside the punishment of fine imposed by the Enforcement Authorities for alleged unauthorized receipt of payment under the Foreign Exchange Regulation Act, 1973. Despite the Enforcement Directorate's contention that the Appellate Board exceeded its power, the Court held that Section 65 of the Act allows for correction of errors, affirming the decision in favor of the respondent. Case-Laws FEMA Mon, 22 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404706