https://www.taxtmi.com/caselaws?id=779386 AT allowed the appeal in part. Tribunal found s.6(3) omission effective from 15.10.2019 and that s.6(3) remained operative earlier; contravention under FEMA attracts civil penalty without mens rea. Confiscation under s.13(2) is discretionary and not mandatory. Tribunal held the original penalty and confiscation disproportionate, reduced the monetary penalty from Rs.15,00,000 to Rs.7,50,000 (pre-deposit already made) and set aside the order of confiscation of the agricultural land. Appeal disposed of accordingly. en-us Mon, 29 Sep 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779386 AT allowed the appeal in part. Tribunal found s.6(3) omission effective from 15.10.2019 and that s.6(3) remained operative earlier; contravention under FEMA attracts civil penalty without mens rea. Confiscation under s.13(2) is discretionary and not mandatory. Tribunal held the original penalty and confiscation disproportionate, reduced the monetary penalty from Rs.15,00,000 to Rs.7,50,000 (pre-deposit already made) and set aside the order of confiscation of the agricultural land. Appeal disposed of accordingly. Case-Laws FEMA Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779386