https://www.taxtmi.com/caselaws?id=457920 Penalty for contravention of section 9(1)(d) of the Foreign Exchange Regulation Act, 1973 was unsustainable where the record did not show that the payment was made by order or on behalf of the named non-resident. The charge failed because the statutory ingredient connecting the payment to the non-resident was not established, and the recorded circumstances suggested only a payment by the appellant on his own behalf in lieu of amount received by NRE cheque. On that basis, the alleged contravention was not substantiated and the penalty was set aside. 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 Penalty for contravention of section 9(1)(d) of the Foreign Exchange Regulation Act, 1973 was unsustainable where the record did not show that the payment was made by order or on behalf of the named non-resident. The charge failed because the statutory ingredient connecting the payment to the non-resident was not established, and the recorded circumstances suggested only a payment by the appellant on his own behalf in lieu of amount received by NRE cheque. On that basis, the alleged contravention was not substantiated and the penalty was set aside. Case-Laws FEMA Thu, 21 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457920