https://www.taxtmi.com/caselaws?id=312879 The HC set aside the Appellate Tribunal for Foreign Exchange's order requiring the petitioner to deposit 10% of the penalty as a precondition for hearing the appeal on merits. The HC found prima facie merit in the petitioner's claim of not being a Director and ruled that the pre-deposit condition would cause undue hardship. The decision allows the Tribunal to consider the case on its merits without the precondition, should the department establish the petitioner's liability under the Foreign Exchange Regulation Act, 1973. en-us Wed, 09 Aug 2017 00:00:00 +0530 Wed, 13 Mar 2024 08:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312879 The HC set aside the Appellate Tribunal for Foreign Exchange's order requiring the petitioner to deposit 10% of the penalty as a precondition for hearing the appeal on merits. The HC found prima facie merit in the petitioner's claim of not being a Director and ruled that the pre-deposit condition would cause undue hardship. The decision allows the Tribunal to consider the case on its merits without the precondition, should the department establish the petitioner's liability under the Foreign Exchange Regulation Act, 1973. Case-Laws FEMA Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312879