https://www.taxtmi.com/caselaws?id=466292 Preventive detention was challenged on grounds of alleged foreign exchange violations and hawala dealings. The court found no materials or statements demonstrating any transaction in foreign currency; mere possession of a small amount of currency did not establish contravention of foreign exchange law. The detaining authority lacked the requisite subjective satisfaction because no specific transaction or transactional evidence was identified, and it appears no proper application of mind occurred. Consequently, the detention order was declared illegal and set aside, and the detainee ordered released unless lawfully required in another matter. en-us Tue, 09 Apr 2024 00:00:00 +0530 Sun, 01 Feb 2026 19:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466292 Preventive detention was challenged on grounds of alleged foreign exchange violations and hawala dealings. The court found no materials or statements demonstrating any transaction in foreign currency; mere possession of a small amount of currency did not establish contravention of foreign exchange law. The detaining authority lacked the requisite subjective satisfaction because no specific transaction or transactional evidence was identified, and it appears no proper application of mind occurred. Consequently, the detention order was declared illegal and set aside, and the detainee ordered released unless lawfully required in another matter. Case-Laws FEMA Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466292