https://www.taxtmi.com/caselaws?id=72570 A joint gold dealer licence issued in the names of two individuals does not, without proof of a formed partnership, by itself create a partnership firm for proceedings under the Gold (Control) Act, 1968, so firm-based action was unsustainable. Ornaments received for repair fall within the licensed dealer's duty under Section 55 and Rule 12 to maintain true and complete accounts; failure to enter them in the repair register constitutes contravention, though the breach may be treated as technical on the facts. Where ownership of the seized ornaments was accepted, confiscation was not justified, and the penalty was moderated accordingly. en-us Thu, 04 Sep 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72570 A joint gold dealer licence issued in the names of two individuals does not, without proof of a formed partnership, by itself create a partnership firm for proceedings under the Gold (Control) Act, 1968, so firm-based action was unsustainable. Ornaments received for repair fall within the licensed dealer's duty under Section 55 and Rule 12 to maintain true and complete accounts; failure to enter them in the repair register constitutes contravention, though the breach may be treated as technical on the facts. Where ownership of the seized ornaments was accepted, confiscation was not justified, and the penalty was moderated accordingly. Case-Laws Central Excise Thu, 04 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72570