Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Penalty order u/s 129(3) - penalty order subsequent to search and seizure of the godown - In light of the above precedent and considering the facts of the present case, the High Court finds that the penalty proceedings initiated against the petitioner are not justified. Therefore, the impugned orders are quashed and set aside.
Penalty order u/s 129(3) - penalty order subsequent to search and seizure of the godown - In light of the above precedent and considering the facts of the present case, the High Court finds that the penalty proceedings initiated against the petitioner are not justified. Therefore, the impugned orders are quashed and set aside.
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