https://www.taxtmi.com/caselaws?id=457694 Show cause notices in a foreign exchange contravention proceeding were upheld where they specified the alleged violations and the partners were given an opportunity of hearing; the objection that the notices lacked particulars or were not properly served therefore failed. On the merits, the Tribunal accepted the documentary record and one partner's statement as proving contravention under the Foreign Exchange Regulation Act, 1947, and held that the partners had not shown absence of knowledge or due diligence. The penalties were found justified on the facts, and the appellate challenge was rejected with the adjudication orders affirmed. en-us Mon, 05 Jan 2004 00:00:00 +0530 Wed, 25 Sep 2024 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457694 Show cause notices in a foreign exchange contravention proceeding were upheld where they specified the alleged violations and the partners were given an opportunity of hearing; the objection that the notices lacked particulars or were not properly served therefore failed. On the merits, the Tribunal accepted the documentary record and one partner's statement as proving contravention under the Foreign Exchange Regulation Act, 1947, and held that the partners had not shown absence of knowledge or due diligence. The penalties were found justified on the facts, and the appellate challenge was rejected with the adjudication orders affirmed. Case-Laws FEMA Mon, 05 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457694