https://www.taxtmi.com/caselaws?id=457676 The statutory scheme under FERA section 52(2) and FEMA section 19(6) requires pre-deposit of penalty for an appeal, subject only to dispensation on showing undue hardship. The Tribunal had already granted the appellant special relief by allowing either a 20% deposit or an unconditional bank guarantee in lieu of cash, but the appellant sought complete waiver without complying with either direction. In the absence of bona fides or any step to honour the interim arrangement, further modification was refused and the appeal was dismissed for non-compliance with the Tribunal's interim order permitting an unconditional bank guarantee. en-us Wed, 06 Jul 2005 00:00:00 +0530 Wed, 25 Sep 2024 15:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457676 The statutory scheme under FERA section 52(2) and FEMA section 19(6) requires pre-deposit of penalty for an appeal, subject only to dispensation on showing undue hardship. The Tribunal had already granted the appellant special relief by allowing either a 20% deposit or an unconditional bank guarantee in lieu of cash, but the appellant sought complete waiver without complying with either direction. In the absence of bona fides or any step to honour the interim arrangement, further modification was refused and the appeal was dismissed for non-compliance with the Tribunal's interim order permitting an unconditional bank guarantee. Case-Laws FEMA Wed, 06 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457676