https://www.taxtmi.com/caselaws?id=72900 In a statutory second appeal confined to questions of law, the High Court declined to disturb the Board's factual and evidentiary findings because no substantial basis was shown for interference. On penalty, the Court considered the accepted contraventions and held that the minimum penalty was sufficient in the circumstances, reducing the penalty from Rs. 6,000 to Rs. 5,000. The reported principle is that concurrent factual findings are not ordinarily interfered with in second appeal, but the quantum of penalty may be reduced where justice so requires. en-us Fri, 27 Jan 1984 00:00:00 +0530 Wed, 25 May 2011 17:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72900 In a statutory second appeal confined to questions of law, the High Court declined to disturb the Board's factual and evidentiary findings because no substantial basis was shown for interference. On penalty, the Court considered the accepted contraventions and held that the minimum penalty was sufficient in the circumstances, reducing the penalty from Rs. 6,000 to Rs. 5,000. The reported principle is that concurrent factual findings are not ordinarily interfered with in second appeal, but the quantum of penalty may be reduced where justice so requires. Case-Laws FEMA Fri, 27 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72900