https://www.taxtmi.com/caselaws?id=457382 Where Reserve Bank permission covered the acceptance of NRI deposits, the transaction fell outside the prohibition in section 9(1)(e) of the Foreign Exchange Regulation Act, 1973, so contravention could not be sustained on that basis. The adjudicating authority was also confined to the allegations stated in the show cause notice: under section 51 of the Act read with Rule 3 of the Adjudication Proceedings and Appeal Rules, 1974, it could not rely on facts not pleaded or travel beyond the notice. Liability based on extraneous material was therefore impermissible. en-us Fri, 18 Sep 2009 00:00:00 +0530 Wed, 18 Sep 2024 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457382 Where Reserve Bank permission covered the acceptance of NRI deposits, the transaction fell outside the prohibition in section 9(1)(e) of the Foreign Exchange Regulation Act, 1973, so contravention could not be sustained on that basis. The adjudicating authority was also confined to the allegations stated in the show cause notice: under section 51 of the Act read with Rule 3 of the Adjudication Proceedings and Appeal Rules, 1974, it could not rely on facts not pleaded or travel beyond the notice. Liability based on extraneous material was therefore impermissible. Case-Laws FEMA Fri, 18 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457382