https://www.taxtmi.com/caselaws?id=457720 The Appellate Tribunal affirmed a Rs. 10,000 penalty for violating FERA, 1973, while reducing the confiscated amount to Rs. 1 lakh, mandating the return of Rs. 3,90,000 to the appellant within six months. The appellant's retracted confession was deemed inadmissible due to the absence of coercion claims. The Tribunal referenced a SC decision on co-accused evidence admissibility. en-us Mon, 05 May 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457720 The Appellate Tribunal affirmed a Rs. 10,000 penalty for violating FERA, 1973, while reducing the confiscated amount to Rs. 1 lakh, mandating the return of Rs. 3,90,000 to the appellant within six months. The appellant's retracted confession was deemed inadmissible due to the absence of coercion claims. The Tribunal referenced a SC decision on co-accused evidence admissibility. Case-Laws FEMA Mon, 05 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457720