https://www.taxtmi.com/caselaws?id=457680 The Appellate Tribunal quashed the impugned adjudication order imposing a penalty for contravention of the Foreign Exchange Regulation Act, finding insufficient evidence to support allegations of clandestine payments and debt acknowledgment. The Tribunal emphasized the lack of substantial evidence and directed the return of the pre-deposit amount to the appellant, resolving the matter favorably for the appellant. en-us Tue, 12 Oct 2004 00:00:00 +0530 Wed, 25 Sep 2024 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457680 The Appellate Tribunal quashed the impugned adjudication order imposing a penalty for contravention of the Foreign Exchange Regulation Act, finding insufficient evidence to support allegations of clandestine payments and debt acknowledgment. The Tribunal emphasized the lack of substantial evidence and directed the return of the pre-deposit amount to the appellant, resolving the matter favorably for the appellant. Case-Laws FEMA Tue, 12 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457680