https://www.taxtmi.com/caselaws?id=459775 Contravention of the foreign exchange restrictions was found where the appellant admitted receiving money arranged through a person resident outside India and making the onward payment in the manner alleged by the enforcement authorities. The retraction of the confessional statement on the ground of coercion was rejected because no evidence showed threat, inducement, or undue influence, and the retraction was not made at the earliest opportunity. The statement was corroborated by surrounding circumstances, including recovery of currency and the involvement of a person resident outside India. A retracted confession may be relied on when it is voluntary and supported by the record, so the penalty was upheld. en-us Fri, 18 Dec 2009 00:00:00 +0530 Fri, 27 Dec 2024 18:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459775 Contravention of the foreign exchange restrictions was found where the appellant admitted receiving money arranged through a person resident outside India and making the onward payment in the manner alleged by the enforcement authorities. The retraction of the confessional statement on the ground of coercion was rejected because no evidence showed threat, inducement, or undue influence, and the retraction was not made at the earliest opportunity. The statement was corroborated by surrounding circumstances, including recovery of currency and the involvement of a person resident outside India. A retracted confession may be relied on when it is voluntary and supported by the record, so the penalty was upheld. Case-Laws Indian Laws Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459775