https://www.taxtmi.com/caselaws?id=440556 Acquittal in a prosecution under the Foreign Exchange Regulation Act, 1973 was upheld because the prosecution failed to establish a reliable and complete chain of evidence. The complainant was not examined, independent witnesses were not joined, the raiding witness admitted the premises did not belong to the accused, and the panchnama lacked the accused's signatures. The evidence did not connect the accused with the seized chits or show that the statements relied on were voluntary. In an appeal against acquittal, interference is justified only where the trial court's view is perverse or wholly unsustainable; here, the trial court's view was a possible one and the benefit of doubt remained available. en-us Wed, 22 Mar 2023 00:00:00 +0530 Fri, 21 Jul 2023 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440556 Acquittal in a prosecution under the Foreign Exchange Regulation Act, 1973 was upheld because the prosecution failed to establish a reliable and complete chain of evidence. The complainant was not examined, independent witnesses were not joined, the raiding witness admitted the premises did not belong to the accused, and the panchnama lacked the accused's signatures. The evidence did not connect the accused with the seized chits or show that the statements relied on were voluntary. In an appeal against acquittal, interference is justified only where the trial court's view is perverse or wholly unsustainable; here, the trial court's view was a possible one and the benefit of doubt remained available. Case-Laws FEMA Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440556