https://www.taxtmi.com/caselaws?id=444069 Interference with a pre-deposit waiver order is unwarranted where the adjudicating forum has considered the plea of undue hardship and exercised discretion to grant substantial relief, unless the exercise is shown to be perverse or unreasonable. Here, the Tribunal had already waived 60% of the penalty and required deposit of only the balance 40% in a matter concerning alleged non-realisation of export proceeds under foreign exchange law. The High Court found no material to disturb that discretion, and upheld the conditional direction for hearing the substantive appeal upon partial deposit. en-us Tue, 26 Sep 2023 00:00:00 +0530 Sun, 08 Oct 2023 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444069 Interference with a pre-deposit waiver order is unwarranted where the adjudicating forum has considered the plea of undue hardship and exercised discretion to grant substantial relief, unless the exercise is shown to be perverse or unreasonable. Here, the Tribunal had already waived 60% of the penalty and required deposit of only the balance 40% in a matter concerning alleged non-realisation of export proceeds under foreign exchange law. The High Court found no material to disturb that discretion, and upheld the conditional direction for hearing the substantive appeal upon partial deposit. Case-Laws FEMA Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444069