https://www.taxtmi.com/caselaws?id=457562 When the facts explaining a foreign exchange transaction are especially within the noticee's knowledge, the burden of explanation lies on that person, and an unsupported account may justify an adverse inference. The note states that receipt of a foreign currency cheque, combined with the absence of credible proof of a genuine gift from natural love and affection, and supported by surrounding circumstances and a co-noticee's statement, was treated as sufficient to sustain a finding of contravention. It also records that parity with another person who was exonerated does not defeat a lawful order, since negative equality is not a valid challenge. en-us Mon, 12 Feb 2007 00:00:00 +0530 Mon, 23 Sep 2024 17:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457562 When the facts explaining a foreign exchange transaction are especially within the noticee's knowledge, the burden of explanation lies on that person, and an unsupported account may justify an adverse inference. The note states that receipt of a foreign currency cheque, combined with the absence of credible proof of a genuine gift from natural love and affection, and supported by surrounding circumstances and a co-noticee's statement, was treated as sufficient to sustain a finding of contravention. It also records that parity with another person who was exonerated does not defeat a lawful order, since negative equality is not a valid challenge. Case-Laws FEMA Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457562