https://www.taxtmi.com/caselaws?id=457964 The Tribunal acquitted the appellants of all charges related to contraventions of the Foreign Exchange Regulation Act, 1947 and 1973, citing insufficient evidence. The Tribunal found no proof of unauthorized acquisition or payment of foreign exchange. Consequently, all penalties imposed were set aside, and any deposited penalty amounts were ordered to be refunded. en-us Mon, 27 Feb 1989 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457964 The Tribunal acquitted the appellants of all charges related to contraventions of the Foreign Exchange Regulation Act, 1947 and 1973, citing insufficient evidence. The Tribunal found no proof of unauthorized acquisition or payment of foreign exchange. Consequently, all penalties imposed were set aside, and any deposited penalty amounts were ordered to be refunded. Case-Laws FEMA Mon, 27 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457964