https://www.taxtmi.com/caselaws?id=457949 A penalty for contravention of foreign exchange law could not be sustained solely on a retracted confession where no documents, seized material, or other independent evidence corroborated the alleged transaction. Although an adjudicating authority may consider a retracted statement, prudence requires caution when it is the only basis for liability, and guilt should not rest on such a statement without extraneous support. On the facts described, the absence of corroboration meant it was unsafe to sustain the finding of contravention, and the benefit of the doubt went to the appellant. en-us Tue, 23 Sep 1975 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457949 A penalty for contravention of foreign exchange law could not be sustained solely on a retracted confession where no documents, seized material, or other independent evidence corroborated the alleged transaction. Although an adjudicating authority may consider a retracted statement, prudence requires caution when it is the only basis for liability, and guilt should not rest on such a statement without extraneous support. On the facts described, the absence of corroboration meant it was unsafe to sustain the finding of contravention, and the benefit of the doubt went to the appellant. Case-Laws FEMA Tue, 23 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457949