https://www.taxtmi.com/caselaws?id=457927 The Chairman partially allowed Appeal No. 257 of 1994, upholding contravention charges for Rs. 70,000 and reducing the penalty to Rs. 5,000, considering the appellant's financial condition. Appeal No. 308 of 1994 was fully allowed, setting aside the contravention charge and penalty due to insufficient evidence. The appellant was given 30 days to pay the reduced penalty, with potential legal action for non-payment. en-us Mon, 18 Mar 1996 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457927 The Chairman partially allowed Appeal No. 257 of 1994, upholding contravention charges for Rs. 70,000 and reducing the penalty to Rs. 5,000, considering the appellant's financial condition. Appeal No. 308 of 1994 was fully allowed, setting aside the contravention charge and penalty due to insufficient evidence. The appellant was given 30 days to pay the reduced penalty, with potential legal action for non-payment. Case-Laws FEMA Mon, 18 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457927