https://www.taxtmi.com/caselaws?id=774866 Recovered documents from the appellant's premises, read with his own statement, the employee's statement and other connected statements, were treated as mutually corroborative evidence of contravention of foreign exchange prohibitions. The challenge that the documents lacked evidentiary value because of retraction was rejected, as the surrounding material supported their use. The objection that relied-upon documents had not been supplied was also rejected as vague, since the record showed supply on more than one occasion and no specific document was identified as withheld. Liability was therefore maintained, but the penalty was moderated on equitable grounds, including financial hardship and medical condition, and reduced to 25% of the original amount. en-us Tue, 01 Jul 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774866 Recovered documents from the appellant's premises, read with his own statement, the employee's statement and other connected statements, were treated as mutually corroborative evidence of contravention of foreign exchange prohibitions. The challenge that the documents lacked evidentiary value because of retraction was rejected, as the surrounding material supported their use. The objection that relied-upon documents had not been supplied was also rejected as vague, since the record showed supply on more than one occasion and no specific document was identified as withheld. Liability was therefore maintained, but the penalty was moderated on equitable grounds, including financial hardship and medical condition, and reduced to 25% of the original amount. Case-Laws FEMA Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774866