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Foreign Exchange Loan Abroad Without Approval Invites Sanction
Case Law Details
- Case Name
- Assistant Director E.D. Vs Sanjiv Lamba (Appellate Tribunal Under SAFEMA Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- Appellate Authority, SAFEMA
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Assistant Director E.D. Vs Sanjiv Lamba (Appellate Tribunal Under SAFEMA Delhi)
FEMA penalties upheld: Long-held foreign bank account & overseas loan under LRS attract sanction; Foreign Bank Account & Overseas Loan Without RBI Nod Attract FEMA Penalty: SAFEMA Tribunal Upholds ₹92.5 Lakh Penalty
The Appellate Tribunal under SAFEMA, New Delhi in Shri Sanjiv Lamba vs. Assistant Director, Directorate of Enforcement, Delhi (cross appeals FPA-FE-10/DLI/2024 & FPA-FE-11/DLI/2024, final order dated 10-12-2025) dismissed both the assessee’s as well as ED’s appeals and upheld penalties...
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