https://www.taxtmi.com/caselaws?id=756039 The HC dismissed the writ petition challenging penalty imposed under FEMA Section 10(6) for foreign exchange law contravention. The court held the petition was not maintainable as alternative remedies existed under FEMA Sections 16(1), 19(1), and 35, following SC precedent in Raj Kumar Shivhare. The petitioner failed to establish exceptional circumstances like fundamental rights breach or natural justice violation required for writ jurisdiction. The court found no illegality in the penalty order, noting the petitioner received proper notice and hearing opportunity, and the adjudicating authority had requisite powers. en-us Thu, 23 May 2024 00:00:00 +0530 Thu, 25 Jul 2024 07:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756039 The HC dismissed the writ petition challenging penalty imposed under FEMA Section 10(6) for foreign exchange law contravention. The court held the petition was not maintainable as alternative remedies existed under FEMA Sections 16(1), 19(1), and 35, following SC precedent in Raj Kumar Shivhare. The petitioner failed to establish exceptional circumstances like fundamental rights breach or natural justice violation required for writ jurisdiction. The court found no illegality in the penalty order, noting the petitioner received proper notice and hearing opportunity, and the adjudicating authority had requisite powers. Case-Laws FEMA Thu, 23 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756039