https://www.taxtmi.com/caselaws?id=457727 The appeal concerning the legality of a penalty for violating FERA section 8(1) was dismissed by the Chairperson, affirming the Addl. Director's decision. The appellant's defense, including claims of non-residency and legal currency acquisition, was rejected. The penalty was reduced from Rs. 50,000 to Rs. 25,000, reflecting a pre-deposit. en-us Tue, 04 Feb 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457727 The appeal concerning the legality of a penalty for violating FERA section 8(1) was dismissed by the Chairperson, affirming the Addl. Director's decision. The appellant's defense, including claims of non-residency and legal currency acquisition, was rejected. The penalty was reduced from Rs. 50,000 to Rs. 25,000, reflecting a pre-deposit. Case-Laws FEMA Tue, 04 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457727