https://www.taxtmi.com/caselaws?id=457373 A retracted confession under the Foreign Exchange Regulation Act, 1973 could not, by itself, sustain the prosecution case without corroboration, and the failure to examine the persons allegedly involved in the payments further weakened the charge. The accused's documentary explanation for the seized money was accepted as raising a plausible defence, and the evidence admitted two reasonable views. In an appeal against acquittal, the view favourable to the accused was preferred because the trial court's appreciation was not perverse. The acquittal was therefore upheld and the prosecution challenge failed. en-us Wed, 09 Feb 2022 00:00:00 +0530 Wed, 18 Sep 2024 13:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457373 A retracted confession under the Foreign Exchange Regulation Act, 1973 could not, by itself, sustain the prosecution case without corroboration, and the failure to examine the persons allegedly involved in the payments further weakened the charge. The accused's documentary explanation for the seized money was accepted as raising a plausible defence, and the evidence admitted two reasonable views. In an appeal against acquittal, the view favourable to the accused was preferred because the trial court's appreciation was not perverse. The acquittal was therefore upheld and the prosecution challenge failed. Case-Laws FEMA Wed, 09 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457373