https://www.taxtmi.com/caselaws?id=457566 A retracted confession in foreign exchange contravention proceedings may still support penalty where it is shown to be voluntary and is corroborated by independent evidence. The appellant's statement admitting receipt and payment of Indian currency was not substantiated by any material showing coercion or threat, while seized documents and the statements of recipients supported the disclosure. The objection that denial of cross-examination vitiated the adjudication was rejected because the record already contained proved material sufficient to sustain the findings. The impugned adjudication was confirmed and the monetary penalty maintained. en-us Fri, 13 Oct 2006 00:00:00 +0530 Mon, 23 Sep 2024 17:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457566 A retracted confession in foreign exchange contravention proceedings may still support penalty where it is shown to be voluntary and is corroborated by independent evidence. The appellant's statement admitting receipt and payment of Indian currency was not substantiated by any material showing coercion or threat, while seized documents and the statements of recipients supported the disclosure. The objection that denial of cross-examination vitiated the adjudication was rejected because the record already contained proved material sufficient to sustain the findings. The impugned adjudication was confirmed and the monetary penalty maintained. Case-Laws FEMA Fri, 13 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457566