2013 (1) TMI 374

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....ribunal for Foreign Exchange was justified in deleting the penalty imposed upon the partners of the firm on the ground that the penalty against the firm has been confirmed is the question raised in this appeal. 2. This Court in the case of Overseas Textiles Corporation v. Special Director, Enforcement Directorate and Anr. (FERA Appeal No. 57 of 2009) decided on 6-9-2012 has held that in th....