https://www.taxtmi.com/caselaws?id=457897 The appellate tribunal allowed the appeal, overturning the penalty imposed on the appellant for alleged contravention of the Foreign Exchange Regulation Act, 1973. The tribunal found that the appellant's failure to realize export proceeds was due to the bank's errors, not the appellant's negligence. The adjudicating authority's adverse findings were deemed unjustified, as they ignored crucial evidence and misconceived facts. The tribunal emphasized the necessity of considering all relevant evidence, resulting in the setting aside of the impugned order and absolving the appellant of blame. en-us Mon, 11 Dec 1995 00:00:00 +0530 Mon, 30 Sep 2024 16:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457897 The appellate tribunal allowed the appeal, overturning the penalty imposed on the appellant for alleged contravention of the Foreign Exchange Regulation Act, 1973. The tribunal found that the appellant's failure to realize export proceeds was due to the bank's errors, not the appellant's negligence. The adjudicating authority's adverse findings were deemed unjustified, as they ignored crucial evidence and misconceived facts. The tribunal emphasized the necessity of considering all relevant evidence, resulting in the setting aside of the impugned order and absolving the appellant of blame. Case-Laws FEMA Mon, 11 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457897