https://www.taxtmi.com/caselaws?id=457414 Retracted inculpatory statements do not lose evidentiary value merely because they are later withdrawn. They may be relied on in adjudication if shown to be voluntary, free from threat or coercion, and supported by broad corroboration from surrounding circumstances or other material on record. In quasi-penal foreign exchange proceedings, the enforcement burden is not one of mathematical certainty; proof to a prudent and reasonable degree of probability is sufficient, and adverse inference may be drawn where facts within the noticee's special knowledge are not explained. The decision therefore affirms reliance on corroborated retracted admissions and a relaxed but substantial evidentiary standard. en-us Mon, 19 Jan 2009 00:00:00 +0530 Thu, 19 Sep 2024 12:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457414 Retracted inculpatory statements do not lose evidentiary value merely because they are later withdrawn. They may be relied on in adjudication if shown to be voluntary, free from threat or coercion, and supported by broad corroboration from surrounding circumstances or other material on record. In quasi-penal foreign exchange proceedings, the enforcement burden is not one of mathematical certainty; proof to a prudent and reasonable degree of probability is sufficient, and adverse inference may be drawn where facts within the noticee's special knowledge are not explained. The decision therefore affirms reliance on corroborated retracted admissions and a relaxed but substantial evidentiary standard. Case-Laws FEMA Mon, 19 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457414