https://www.taxtmi.com/caselaws?id=457962 The appeal concerning the penalty under section 9(1)(b) of the Foreign Exchange Regulation Act, 1973, resulted in a partial allowance. The Chairman reduced the penalty from Rs. 1,500 to Rs. 500, acknowledging the appellant's circumstances and the non-realization of the cheque. The excess Rs. 1,000 was ordered to be refunded. en-us Mon, 15 Jun 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457962 The appeal concerning the penalty under section 9(1)(b) of the Foreign Exchange Regulation Act, 1973, resulted in a partial allowance. The Chairman reduced the penalty from Rs. 1,500 to Rs. 500, acknowledging the appellant's circumstances and the non-realization of the cheque. The excess Rs. 1,000 was ordered to be refunded. Case-Laws FEMA Mon, 15 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457962