https://www.taxtmi.com/caselaws?id=457920 The appeal successfully challenged the penalty under s. 9(1)(d) of the Foreign Exchange Regulation Act, 1973. The Adjudication Order was overturned by the appellate authority, finding the charge legally unsustainable. Consequently, the penalty of Rs. 75,000 was ordered to be refunded to the appellant if it had been previously paid. en-us Thu, 21 Dec 1995 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457920 The appeal successfully challenged the penalty under s. 9(1)(d) of the Foreign Exchange Regulation Act, 1973. The Adjudication Order was overturned by the appellate authority, finding the charge legally unsustainable. Consequently, the penalty of Rs. 75,000 was ordered to be refunded to the appellant if it had been previously paid. Case-Laws FEMA Thu, 21 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457920