https://www.taxtmi.com/caselaws?id=758792 The HC dismissed the writ petition, upholding the penalty imposed by the RBI for violating FEMA provisions. The court found that the penalty of Rs. 41,04,675 was computed fairly and in accordance with FEMA guidelines. The petitioner, given an opportunity to be heard, did not opt for a personal hearing, and the court concluded that the penalty imposition was justified and within legal limits, with no grounds for challenging the computation or fairness of the penalty. en-us Wed, 11 Sep 2024 00:00:00 +0530 Thu, 19 Sep 2024 08:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758792 The HC dismissed the writ petition, upholding the penalty imposed by the RBI for violating FEMA provisions. The court found that the penalty of Rs. 41,04,675 was computed fairly and in accordance with FEMA guidelines. The petitioner, given an opportunity to be heard, did not opt for a personal hearing, and the court concluded that the penalty imposition was justified and within legal limits, with no grounds for challenging the computation or fairness of the penalty. Case-Laws FEMA Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758792