https://www.taxtmi.com/caselaws?id=796064 Remittances for definite tournament services were treated as current account transactions because the agreement created fixed obligations, and unbudgeted expenditure or instalment payments did not create contingent liabilities. Findings on the dedicated South African account, reimbursements, pouring-rights revenue, EEFC credits, and the authorised dealer's processing were set aside. Liability remained for an EEFC remittance exceeding the recorded service-provider liability and for delayed repatriation of ticket-sale proceeds, with reduced penalties for the latter. The natural-justice challenge failed because the noticees had repeated hearing opportunities, written submissions, and witness cross-examination. en-us Thu, 16 Jul 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796064 Remittances for definite tournament services were treated as current account transactions because the agreement created fixed obligations, and unbudgeted expenditure or instalment payments did not create contingent liabilities. Findings on the dedicated South African account, reimbursements, pouring-rights revenue, EEFC credits, and the authorised dealer's processing were set aside. Liability remained for an EEFC remittance exceeding the recorded service-provider liability and for delayed repatriation of ticket-sale proceeds, with reduced penalties for the latter. The natural-justice challenge failed because the noticees had repeated hearing opportunities, written submissions, and witness cross-examination. Case-Laws FEMA Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796064