https://www.taxtmi.com/caselaws?id=457815 A penalty for alleged contravention of foreign exchange law cannot stand on an uncorroborated statement alone; independent evidence is required to prove receipt of foreign funds and the surrounding material must support the confession. Here, the seized currency and envelope did not provide sufficient corroboration, so the contravention was not proved and the penalty was set aside. The refusal to allow cross-examination of the police officer who attended the search and apprehension also denied a fair opportunity to test the prosecution version, vitiating the adjudication. The seized amount was left to be dealt with under directions concerning possible income-tax action. en-us Fri, 01 Oct 1999 00:00:00 +0530 Fri, 27 Sep 2024 17:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457815 A penalty for alleged contravention of foreign exchange law cannot stand on an uncorroborated statement alone; independent evidence is required to prove receipt of foreign funds and the surrounding material must support the confession. Here, the seized currency and envelope did not provide sufficient corroboration, so the contravention was not proved and the penalty was set aside. The refusal to allow cross-examination of the police officer who attended the search and apprehension also denied a fair opportunity to test the prosecution version, vitiating the adjudication. The seized amount was left to be dealt with under directions concerning possible income-tax action. Case-Laws FEMA Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457815