https://www.taxtmi.com/caselaws?id=457481 The appellate scheme under Section 52(2) of the Foreign Exchange Regulation Act, 1973 required pre-deposit of the penalty amount before an appeal could be entertained, subject to discretionary dispensation on a showing of undue hardship. Repeated opportunities were granted to comply with the deposit direction, but the appellant failed to make the required deposit. On those facts, the Tribunal found no bona fides and treated equitable relief as unavailable, leading to dismissal of the appeal for non-compliance with the pre-deposit order. en-us Fri, 25 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 14:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457481 The appellate scheme under Section 52(2) of the Foreign Exchange Regulation Act, 1973 required pre-deposit of the penalty amount before an appeal could be entertained, subject to discretionary dispensation on a showing of undue hardship. Repeated opportunities were granted to comply with the deposit direction, but the appellant failed to make the required deposit. On those facts, the Tribunal found no bona fides and treated equitable relief as unavailable, leading to dismissal of the appeal for non-compliance with the pre-deposit order. Case-Laws FEMA Fri, 25 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457481