https://www.taxtmi.com/caselaws?id=435946 Search and seizure under FEMA will not be struck down merely because no incriminating material was ultimately found, where the authorising authority recorded satisfaction on the basis of intelligence inputs and supporting materials indicating foreign investments and transactions requiring enquiry. The Court treated search as an initial investigative step and held that, at that stage, the adequacy of the information is not for judicial interference if the belief is founded on relevant material and is not arbitrary or shown to lack application of mind. On that basis, the challenge to jurisdiction and to the statutory precondition of reason to believe failed, and the search and seizure were upheld. en-us Tue, 14 Mar 2023 00:00:00 +0530 Fri, 31 Mar 2023 08:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435946 Search and seizure under FEMA will not be struck down merely because no incriminating material was ultimately found, where the authorising authority recorded satisfaction on the basis of intelligence inputs and supporting materials indicating foreign investments and transactions requiring enquiry. The Court treated search as an initial investigative step and held that, at that stage, the adequacy of the information is not for judicial interference if the belief is founded on relevant material and is not arbitrary or shown to lack application of mind. On that basis, the challenge to jurisdiction and to the statutory precondition of reason to believe failed, and the search and seizure were upheld. Case-Laws FEMA Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435946