https://www.taxtmi.com/caselaws?id=457562 Foreign exchange contravention may be established where receipt of a foreign currency cheque, paid for by a non-resident, is accompanied by no credible evidence that it was a genuine gift based on natural love and affection. Facts concerning the transaction's source and legitimacy, being especially within the recipient's knowledge, place the burden of explanation on that recipient. An unsupported explanation may justify an adverse inference when corroborated by surrounding circumstances and a co-noticee's statement. Differential treatment of another person does not invalidate a lawful adjudication, as negative equality is unavailable. The contravention and resulting penalty were sustained. 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 Foreign exchange contravention may be established where receipt of a foreign currency cheque, paid for by a non-resident, is accompanied by no credible evidence that it was a genuine gift based on natural love and affection. Facts concerning the transaction's source and legitimacy, being especially within the recipient's knowledge, place the burden of explanation on that recipient. An unsupported explanation may justify an adverse inference when corroborated by surrounding circumstances and a co-noticee's statement. Differential treatment of another person does not invalidate a lawful adjudication, as negative equality is unavailable. The contravention and resulting penalty were sustained. Case-Laws FEMA Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457562