https://www.taxtmi.com/caselaws?id=457411 Retracted statements may be relied on where they are found voluntary, credible, and supported by surrounding or corroborative material, and mere retraction without proof of coercion is insufficient to discard them. Denial of cross-examination does not vitiate adjudication unless a real necessity for it is shown. Active participation in facilitating prohibited foreign exchange transactions, with knowledge of the arrangement, amounts to abetment; in a regulatory regime of strict liability, proof of the contravention is enough to sustain penalty. en-us Fri, 15 May 2009 00:00:00 +0530 Thu, 19 Sep 2024 10:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457411 Retracted statements may be relied on where they are found voluntary, credible, and supported by surrounding or corroborative material, and mere retraction without proof of coercion is insufficient to discard them. Denial of cross-examination does not vitiate adjudication unless a real necessity for it is shown. Active participation in facilitating prohibited foreign exchange transactions, with knowledge of the arrangement, amounts to abetment; in a regulatory regime of strict liability, proof of the contravention is enough to sustain penalty. Case-Laws FEMA Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457411