https://www.taxtmi.com/caselaws?id=457906 The Tribunal upheld the penalty imposed on the appellant for contravening the Foreign Exchange Regulation Act by receiving Rs. 2,59,000 without RBI permission. Despite procedural irregularities and disputed evidence, the Tribunal found sufficient grounds to support the contravention. The appeal was dismissed, and the appellant was directed to pay the penalty within 30 days. en-us Mon, 16 Oct 1995 00:00:00 +0530 Mon, 30 Sep 2024 16:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457906 The Tribunal upheld the penalty imposed on the appellant for contravening the Foreign Exchange Regulation Act by receiving Rs. 2,59,000 without RBI permission. Despite procedural irregularities and disputed evidence, the Tribunal found sufficient grounds to support the contravention. The appeal was dismissed, and the appellant was directed to pay the penalty within 30 days. Case-Laws FEMA Mon, 16 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457906