https://www.taxtmi.com/caselaws?id=457822 Statements recorded during search were treated as unreliable because the appellant remained under enforcement control through the night, making voluntariness doubtful; they could not, by themselves, sustain the charges and required independent corroboration. The alleged recovery of foreign exchange and documents from the appellant's exclusive possession was also not proved, as the search procedure was defective, the panch witnesses did not properly witness the search, and the evidence supported a possible alternative possession by a third person. With the statements excluded and recovery unproved, the show-cause allegations of foreign exchange contravention, including transactions with non-residents and acknowledgment of debt, were not substantiated, and the penalties could not stand. en-us Wed, 03 Nov 1999 00:00:00 +0530 Fri, 27 Sep 2024 21:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457822 Statements recorded during search were treated as unreliable because the appellant remained under enforcement control through the night, making voluntariness doubtful; they could not, by themselves, sustain the charges and required independent corroboration. The alleged recovery of foreign exchange and documents from the appellant's exclusive possession was also not proved, as the search procedure was defective, the panch witnesses did not properly witness the search, and the evidence supported a possible alternative possession by a third person. With the statements excluded and recovery unproved, the show-cause allegations of foreign exchange contravention, including transactions with non-residents and acknowledgment of debt, were not substantiated, and the penalties could not stand. Case-Laws FEMA Wed, 03 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457822