https://www.taxtmi.com/caselaws?id=457757 The appeal against the penalty for contravening sections 9(1)(b) and 9(1)(d) of the Foreign Exchange Regulation Act, 1973, was allowed. The Chairperson found the lack of evidence and discrepancies in witness statements significant, noting the appellant's acquittals in related criminal cases. Consequently, the impugned order was set aside, and the appellant was exonerated, criticizing the respondent for pursuing adjudication based on previously acquitted charges. en-us Tue, 26 Jun 2001 00:00:00 +0530 Thu, 26 Sep 2024 18:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457757 The appeal against the penalty for contravening sections 9(1)(b) and 9(1)(d) of the Foreign Exchange Regulation Act, 1973, was allowed. The Chairperson found the lack of evidence and discrepancies in witness statements significant, noting the appellant's acquittals in related criminal cases. Consequently, the impugned order was set aside, and the appellant was exonerated, criticizing the respondent for pursuing adjudication based on previously acquitted charges. Case-Laws FEMA Tue, 26 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457757