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2012 (8) TMI 177 - HC - FEMAImposing a penalty - violation of provision of Section 9(1)(f)(i) of FEMA - Held that:- As Appellate Tribunal against the three main accused held that they have not violated the provisions of and as the main accused are relieved of the charges on no satisfactory evidence have been produced to prove the alleged violations committed by them, then, the charges levelled against the appellant to the effect that he had aided and abetted the main accused in violating the provisions of law could not be said to have been proved. As the documents relied upon by the revenue do not establish violation of the provisions of law against the main accused the same set of documents cannot be said that the person who is alleged to have aided and abetted the main accused has violated the provisions of law - penalty levy cannot be sustained - in favour of assessee.
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