https://www.taxtmi.com/caselaws?id=457958 A retracted search statement, unsupported by clear corroboration from seized documents, was held insufficient to establish contraventions under the Foreign Exchange Regulation Act where the alleged transactions were not clearly linked to the material on record. The text also states that two adjudications based on the same search material and overlapping allegations should not proceed separately, because duplication and inconsistency required consolidated fresh consideration. On the existing record, the alleged contraventions were not proved to the required standard, and the penalty order concerning seized cash was set aside, with the matter directed for fresh consolidated adjudication. en-us Mon, 09 Nov 1987 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457958 A retracted search statement, unsupported by clear corroboration from seized documents, was held insufficient to establish contraventions under the Foreign Exchange Regulation Act where the alleged transactions were not clearly linked to the material on record. The text also states that two adjudications based on the same search material and overlapping allegations should not proceed separately, because duplication and inconsistency required consolidated fresh consideration. On the existing record, the alleged contraventions were not proved to the required standard, and the penalty order concerning seized cash was set aside, with the matter directed for fresh consolidated adjudication. Case-Laws FEMA Mon, 09 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457958