https://www.taxtmi.com/caselaws?id=457952 The Tribunal dismissed Dr. N. Dhawan's appeal, confirming the penalty and confiscation of foreign exchange, while partially allowing Shri B.N. Dhawan's appeal by reducing his penalty to Rs. 25,000, acknowledging only the charge of acquisition. Smt. Shobha Dhawan's application was dismissed, affirming the confiscation. The Tribunal upheld the Adjudicating Officer's findings, emphasizing a broad interpretation of 'transfer' and 'acquisition' under the Foreign Exchange Regulation Act, 1913, and found no violation of natural justice principles. en-us Wed, 06 Mar 1991 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457952 The Tribunal dismissed Dr. N. Dhawan's appeal, confirming the penalty and confiscation of foreign exchange, while partially allowing Shri B.N. Dhawan's appeal by reducing his penalty to Rs. 25,000, acknowledging only the charge of acquisition. Smt. Shobha Dhawan's application was dismissed, affirming the confiscation. The Tribunal upheld the Adjudicating Officer's findings, emphasizing a broad interpretation of 'transfer' and 'acquisition' under the Foreign Exchange Regulation Act, 1913, and found no violation of natural justice principles. Case-Laws FEMA Wed, 06 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457952