https://www.taxtmi.com/caselaws?id=457432 Non-compliance with a statutory pre-deposit condition for maintaining an appeal under section 52(2) of the Foreign Exchange Regulation Act, 1973 rendered the appeals not maintainable. The Tribunal treated the provision as plain and unambiguous, held that it could not dilute the deposit requirement on equitable grounds, and found no basis to excuse the default. As the appellant failed to deposit the required 10% in each appeal despite prior dispensation of the balance, all appeals were dismissed and the penalty orders remained undisturbed. en-us Thu, 04 Dec 2008 00:00:00 +0530 Thu, 19 Sep 2024 14:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457432 Non-compliance with a statutory pre-deposit condition for maintaining an appeal under section 52(2) of the Foreign Exchange Regulation Act, 1973 rendered the appeals not maintainable. The Tribunal treated the provision as plain and unambiguous, held that it could not dilute the deposit requirement on equitable grounds, and found no basis to excuse the default. As the appellant failed to deposit the required 10% in each appeal despite prior dispensation of the balance, all appeals were dismissed and the penalty orders remained undisturbed. Case-Laws FEMA Thu, 04 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457432