https://www.taxtmi.com/caselaws?id=466493 Application for waiver of pre-deposit of penalty was contested by the enforcement authority on grounds of alleged asset siphoning; tribunal found applicants in poor financial condition but rejected full waiver and directed an interim deposit of 10% of the penalty within six weeks, failure to comply to attract consequences; notice of appeal was issued. The ruling balances a financial incapacity defence against enforcement concerns and requires partial pre-deposit as a condition for entertaining the appeal. en-us Wed, 23 Apr 2025 00:00:00 +0530 Tue, 10 Feb 2026 19:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466493 Application for waiver of pre-deposit of penalty was contested by the enforcement authority on grounds of alleged asset siphoning; tribunal found applicants in poor financial condition but rejected full waiver and directed an interim deposit of 10% of the penalty within six weeks, failure to comply to attract consequences; notice of appeal was issued. The ruling balances a financial incapacity defence against enforcement concerns and requires partial pre-deposit as a condition for entertaining the appeal. Case-Laws FEMA Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466493