https://www.taxtmi.com/caselaws?id=457816 Receipt in India of remuneration for performances abroad does not, by itself, amount to receipt on behalf of a person resident outside India under foreign exchange law; the payment remains a person's own remuneration unless the statutory ingredient of third-party receipt is proved. A charge of holding foreign exchange outside India likewise requires reliable proof of actual ownership or possession abroad, and cannot rest on an uncorroborated third-party statement or an unclear seized entry. The material described in the text was treated as insufficient to establish either contravention, so the penalty basis failed on both charges. en-us Thu, 22 Apr 1999 00:00:00 +0530 Fri, 27 Sep 2024 17:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457816 Receipt in India of remuneration for performances abroad does not, by itself, amount to receipt on behalf of a person resident outside India under foreign exchange law; the payment remains a person's own remuneration unless the statutory ingredient of third-party receipt is proved. A charge of holding foreign exchange outside India likewise requires reliable proof of actual ownership or possession abroad, and cannot rest on an uncorroborated third-party statement or an unclear seized entry. The material described in the text was treated as insufficient to establish either contravention, so the penalty basis failed on both charges. Case-Laws FEMA Thu, 22 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457816