https://www.taxtmi.com/caselaws?id=780245 A retracted confessional statement may still be relied on if it is voluntary and corroborated by surrounding materials; the appellant failed to show perversity in the findings sustaining reliance on the statements. Indian currency can also be confiscated under foreign exchange law where it is connected to the contravention, and the unexplained cash recovery was treated as part of the illegal transaction. Conduct may amount to an attempt once preparation is complete and there is direct movement towards the prohibited act; on the facts, the authorities' inference of attempt was upheld as not irrational or perverse. en-us Tue, 14 Oct 2025 00:00:00 +0530 Mon, 27 Oct 2025 09:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780245 A retracted confessional statement may still be relied on if it is voluntary and corroborated by surrounding materials; the appellant failed to show perversity in the findings sustaining reliance on the statements. Indian currency can also be confiscated under foreign exchange law where it is connected to the contravention, and the unexplained cash recovery was treated as part of the illegal transaction. Conduct may amount to an attempt once preparation is complete and there is direct movement towards the prohibited act; on the facts, the authorities' inference of attempt was upheld as not irrational or perverse. Case-Laws FEMA Tue, 14 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780245