https://www.taxtmi.com/caselaws?id=457921 The Appellate Tribunal allowed the appeal, overturning the penalty imposed on the appellant for contravening section 9(1)(e) of the Foreign Exchange Regulation Act, 1973. The Tribunal ordered the return of the deposited penalty amount within 30 days. The decision emphasized the necessity of assessing the full context and nature of contraventions, ensuring fairness and reasonableness in enforcement actions. The Tribunal highlighted the importance of timely adjudication proceedings and the relevance of exoneration on related charges, reinforcing the principle of reasonable exercise of powers. en-us Wed, 02 Aug 1995 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457921 The Appellate Tribunal allowed the appeal, overturning the penalty imposed on the appellant for contravening section 9(1)(e) of the Foreign Exchange Regulation Act, 1973. The Tribunal ordered the return of the deposited penalty amount within 30 days. The decision emphasized the necessity of assessing the full context and nature of contraventions, ensuring fairness and reasonableness in enforcement actions. The Tribunal highlighted the importance of timely adjudication proceedings and the relevance of exoneration on related charges, reinforcing the principle of reasonable exercise of powers. Case-Laws FEMA Wed, 02 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457921