https://www.taxtmi.com/caselaws?id=444668 The court permitted the petitioner to utilize 25% of the total foreign contribution funds, including those in fixed deposits and government bonds, for daily operations. The petitioner was required to periodically submit a comprehensive statement of its FCRA account, deposits, and expenses. The judgment clarified that the phrase "his custody" in Section 13(2) of FCRA extends beyond the current account, enabling the use of unspent funds from multiple sources. en-us Mon, 16 Oct 2023 00:00:00 +0530 Fri, 20 Oct 2023 10:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444668 The court permitted the petitioner to utilize 25% of the total foreign contribution funds, including those in fixed deposits and government bonds, for daily operations. The petitioner was required to periodically submit a comprehensive statement of its FCRA account, deposits, and expenses. The judgment clarified that the phrase "his custody" in Section 13(2) of FCRA extends beyond the current account, enabling the use of unspent funds from multiple sources. Case-Laws FEMA Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444668