https://www.taxtmi.com/caselaws?id=457724 The appeal against the penalty order under FERA, 1973, resulted in the penalty of Rs. 6,00,000 being set aside. The appellant's challenge to the findings was successful due to a lack of convincing evidence to establish guilt. Consequently, the appeal was allowed, and the impugned finding and penalty were annulled. en-us Tue, 01 Apr 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457724 The appeal against the penalty order under FERA, 1973, resulted in the penalty of Rs. 6,00,000 being set aside. The appellant's challenge to the findings was successful due to a lack of convincing evidence to establish guilt. Consequently, the appeal was allowed, and the impugned finding and penalty were annulled. Case-Laws FEMA Tue, 01 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457724