https://www.taxtmi.com/caselaws?id=457911 The Tribunal allowed the appeal, setting aside the impugned order and directing a refund of the deposited amount. It found the appellant not guilty of contravening sections 8(1), 9(1)(a), and 14 of FERA, 1973, as the foreign exchange transactions were for film expenses, not personal acquisition or borrowing, and did not involve ownership or holding rights. en-us Thu, 22 Feb 1996 00:00:00 +0530 Mon, 30 Sep 2024 16:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457911 The Tribunal allowed the appeal, setting aside the impugned order and directing a refund of the deposited amount. It found the appellant not guilty of contravening sections 8(1), 9(1)(a), and 14 of FERA, 1973, as the foreign exchange transactions were for film expenses, not personal acquisition or borrowing, and did not involve ownership or holding rights. Case-Laws FEMA Thu, 22 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457911