https://www.taxtmi.com/caselaws?id=457418 Penalties for alleged foreign exchange contraventions could not be sustained on retracted confessional statements alone. A retracted confession is usable only if it is shown to be voluntary and true, and it must be supported by independent corroboration in broad substance; here, the statements were not satisfactorily proved voluntary, co-noticees on identical facts had already been exonerated, and no adequate evidence established the alleged foreign instructions, nexus with foreign persons, or the transaction details. Suspicion alone could not replace proof, so the penalties failed. en-us Wed, 07 Jan 2009 00:00:00 +0530 Thu, 19 Sep 2024 12:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457418 Penalties for alleged foreign exchange contraventions could not be sustained on retracted confessional statements alone. A retracted confession is usable only if it is shown to be voluntary and true, and it must be supported by independent corroboration in broad substance; here, the statements were not satisfactorily proved voluntary, co-noticees on identical facts had already been exonerated, and no adequate evidence established the alleged foreign instructions, nexus with foreign persons, or the transaction details. Suspicion alone could not replace proof, so the penalties failed. Case-Laws FEMA Wed, 07 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457418