https://www.taxtmi.com/highlights?id=73514 Validity of enquiry / investigation proceedings - Investment in foreign companies - violation of Sec.4 of FEMA - The permissibility of reading Sec.3 into Sec.4 requires to be considered independently, and the present stage is too premature for considering it. At any rate it cannot be considered in this proceedings, for, it was held in Raj Kumar Shivhare case [supra] FEMA is a complete Code, and it must be allowed its free space to work itself. - HC en-us Mon, 11 Dec 2023 15:24:01 +0530 Mon, 11 Dec 2023 15:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73514 Validity of enquiry / investigation proceedings - Investment in foreign companies - violation of Sec.4 of FEMA - The permissibility of reading Sec.3 into Sec.4 requires to be considered independently, and the present stage is too premature for considering it. At any rate it cannot be considered in this proceedings, for, it was held in Raj Kumar Shivhare case [supra] FEMA is a complete Code, and it must be allowed its free space to work itself. - HC Highlights FEMA Mon, 11 Dec 2023 15:24:01 +0530 https://www.taxtmi.com/highlights?id=73514