https://www.taxtmi.com/caselaws?id=788232 Adjudicatory findings that the corporate respondent contravened prohibitions on payments for or on behalf of persons resident outside India and that its director bore liability were affirmed on the basis that contemporaneous business records, electronic communications and admissions (recorded under Section 37) corroborated cash payments and unaccounted sales; the applicable standard was preponderance of probabilities. The tribunal held that penalties require a reasoned, proportionate quantification tied to proved contraventions and accordingly moderated the corporate and director penalties while setting aside the remainder of the imposed fines. en-us Thu, 12 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788232 Adjudicatory findings that the corporate respondent contravened prohibitions on payments for or on behalf of persons resident outside India and that its director bore liability were affirmed on the basis that contemporaneous business records, electronic communications and admissions (recorded under Section 37) corroborated cash payments and unaccounted sales; the applicable standard was preponderance of probabilities. The tribunal held that penalties require a reasoned, proportionate quantification tied to proved contraventions and accordingly moderated the corporate and director penalties while setting aside the remainder of the imposed fines. Case-Laws FEMA Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788232