2025 (3) TMI 1037 - SCH - FEMA

Guilty of the offence u/s 6(4) 6(5) 8(1) 9(1)(a) and 9(1)(f)(i) of Foreign Exchange Regulation Act 1973 - fine imposed - Court 2014 (9) TMI 1085 - DELHI HIGH COURT is of the view that the AO dated 24th March 2004 and the impugned order of the AT to the extent they hold the appellant liable for contravention of Section 8(1) of FERA cannot be sustained in law - HELD THAT - We are not inclined to interfere with the impugned judgment and order of the High Court; hence the special leave petition is dismissed.

Summary

**Summary of Supreme Court Judgment:**The Supreme Court, comprising Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Manmohan, heard the case with Mr. B. Krishna Prasad representing the petitioner and Mr. Jayant Sud, along with a team of advocates, representing the respondent.**Key Legal Holdings:**1. **Delay Condoned**: The Court acknowledged and condoned the delay in filing the petition. 2. **Dismissal of Special Leave Petition**: The Court stated, "We are not inclined to interfere with the impugned judgment and order of the High Court," leading to the dismissal of the special leave petition.3. **Disposition of Pending Applications**: Any pending applications related to the case are disposed of as a result of this order.