https://www.taxtmi.com/caselaws?id=457710 The Tribunal partly allowed the appeal, affirming the appellant's guilt under section 9(1)(b) of the Foreign Exchange Regulation Act, 1973, but reduced the penalty from Rs. 3,00,000 to Rs. 1,50,000, considering mens rea and prior deposit. It rejected claims of illegality or impropriety in the evidence and upheld the Adjudicating Officer's findings. en-us Fri, 02 Jan 2004 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457710 The Tribunal partly allowed the appeal, affirming the appellant's guilt under section 9(1)(b) of the Foreign Exchange Regulation Act, 1973, but reduced the penalty from Rs. 3,00,000 to Rs. 1,50,000, considering mens rea and prior deposit. It rejected claims of illegality or impropriety in the evidence and upheld the Adjudicating Officer's findings. Case-Laws FEMA Fri, 02 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457710