https://www.taxtmi.com/caselaws?id=458095 The Appellate Tribunal SAFEMA, New Delhi allowed the appeal of a Pakistani citizen who purchased immovable properties in Dehradun without RBI permission under FEMA Regulations 2000. The Tribunal considered the appellant's naturalization background, long-term visa grant, and that no absolute bar existed on Pakistani property acquisition - only permission requirement. While acknowledging ignorance of law is no defense, the Tribunal found the initial penalty of Rs. 3,00,000 already paid was sufficient to meet justice ends. The additional penalty of Rs. 4,50,000 imposed by the adjudicating authority and upheld by Special Director of Enforcement (Appeals) was set aside as unjustified. en-us Tue, 05 Sep 2023 00:00:00 +0530 Tue, 08 Oct 2024 07:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458095 The Appellate Tribunal SAFEMA, New Delhi allowed the appeal of a Pakistani citizen who purchased immovable properties in Dehradun without RBI permission under FEMA Regulations 2000. The Tribunal considered the appellant's naturalization background, long-term visa grant, and that no absolute bar existed on Pakistani property acquisition - only permission requirement. While acknowledging ignorance of law is no defense, the Tribunal found the initial penalty of Rs. 3,00,000 already paid was sufficient to meet justice ends. The additional penalty of Rs. 4,50,000 imposed by the adjudicating authority and upheld by Special Director of Enforcement (Appeals) was set aside as unjustified. Case-Laws FEMA Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458095