https://www.taxtmi.com/highlights?id=88473 AT partially allowed the appeal, directing appellants to deposit 25% of the penalty amount as pre-deposit condition under FEMA regulations. The tribunal rejected appellant's arguments regarding section 14 of IBC and regulatory discrepancies, finding no substantial merit in their contentions. The order mandates deposit within three weeks, enabling appeal hearing subject to pre-deposit compliance, thereby balancing procedural requirements with appellant's ability to pursue legal recourse. en-us Sat, 17 May 2025 08:39:12 +0530 Sat, 17 May 2025 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88473 AT partially allowed the appeal, directing appellants to deposit 25% of the penalty amount as pre-deposit condition under FEMA regulations. The tribunal rejected appellant's arguments regarding section 14 of IBC and regulatory discrepancies, finding no substantial merit in their contentions. The order mandates deposit within three weeks, enabling appeal hearing subject to pre-deposit compliance, thereby balancing procedural requirements with appellant's ability to pursue legal recourse. Highlights FEMA Sat, 17 May 2025 08:39:12 +0530 https://www.taxtmi.com/highlights?id=88473