https://www.taxtmi.com/caselaws?id=457426 A voluntary confessional statement recorded under section 40 of the Foreign Exchange Regulation Act was treated as admissible and capable of supporting adverse findings where no material showed coercion, inducement, threat, or pressure. The Tribunal also held that documents and fax correspondence were not rendered inadmissible merely because of irregular recovery or lack of signature, since relevant evidence remained usable when read with the statement and corroborated the alleged contravention. On that basis, the evidence was found sufficient, the penalty order was upheld, and the appeal failed on merits. en-us Tue, 23 Dec 2008 00:00:00 +0530 Thu, 19 Sep 2024 12:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457426 A voluntary confessional statement recorded under section 40 of the Foreign Exchange Regulation Act was treated as admissible and capable of supporting adverse findings where no material showed coercion, inducement, threat, or pressure. The Tribunal also held that documents and fax correspondence were not rendered inadmissible merely because of irregular recovery or lack of signature, since relevant evidence remained usable when read with the statement and corroborated the alleged contravention. On that basis, the evidence was found sufficient, the penalty order was upheld, and the appeal failed on merits. Case-Laws FEMA Tue, 23 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457426