https://www.taxtmi.com/caselaws?id=459804 A retracted statement will not be displaced by a bare denial unless the appellant produces credible corroborative evidence of a lawful source and purpose for the seized money. In the absence of original passports, visa applications, account records, receipt books, or bank records, photocopies and lists were treated as insufficient to explain possession of the currency. The text further states that contravention under section 9(1)(d) was supported only to the extent of the amount actually proved by reliable evidence, so uncorroborated larger figures could not stand and the penalty had to be reduced proportionately. en-us Sun, 05 Sep 1999 00:00:00 +0530 Sat, 28 Dec 2024 10:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459804 A retracted statement will not be displaced by a bare denial unless the appellant produces credible corroborative evidence of a lawful source and purpose for the seized money. In the absence of original passports, visa applications, account records, receipt books, or bank records, photocopies and lists were treated as insufficient to explain possession of the currency. The text further states that contravention under section 9(1)(d) was supported only to the extent of the amount actually proved by reliable evidence, so uncorroborated larger figures could not stand and the penalty had to be reduced proportionately. Case-Laws FEMA Sun, 05 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459804