https://www.taxtmi.com/caselaws?id=457747 The Chairperson dismissed the appeal, affirming the Adjudication Order that imposed a penalty for contravening the Foreign Exchange Regulation Act, 1973. The appellant failed to provide evidence refuting the claim of consideration for the gift cheque received, and the statement from the cheque issuer was deemed crucial evidence. The Chairperson found no legal errors in the original order, emphasizing the necessity of evidence-based findings in quasi-judicial proceedings. Consequently, the appeal was deemed lacking in substance and merit, resulting in its dismissal. en-us Tue, 24 Jul 2001 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457747 The Chairperson dismissed the appeal, affirming the Adjudication Order that imposed a penalty for contravening the Foreign Exchange Regulation Act, 1973. The appellant failed to provide evidence refuting the claim of consideration for the gift cheque received, and the statement from the cheque issuer was deemed crucial evidence. The Chairperson found no legal errors in the original order, emphasizing the necessity of evidence-based findings in quasi-judicial proceedings. Consequently, the appeal was deemed lacking in substance and merit, resulting in its dismissal. Case-Laws FEMA Tue, 24 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457747