https://www.taxtmi.com/caselaws?id=73251 Gold ornaments gifted to a minor were held not liable to confiscation under the Gold (Control) Act, 1968 because the minor was the real owner and had no knowledge or connivance in the failure to make the required declaration; the proviso to Section 71(1) protected the property from confiscation. On penalty, the fine could not be sustained under Section 74 on the facts found, but liability was treated as falling under the residuary penal provision in Section 75. The penalty was therefore recoverable from the guardian, not the minor. en-us Mon, 08 Jun 1987 00:00:00 +0530 Fri, 27 Jan 2012 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73251 Gold ornaments gifted to a minor were held not liable to confiscation under the Gold (Control) Act, 1968 because the minor was the real owner and had no knowledge or connivance in the failure to make the required declaration; the proviso to Section 71(1) protected the property from confiscation. On penalty, the fine could not be sustained under Section 74 on the facts found, but liability was treated as falling under the residuary penal provision in Section 75. The penalty was therefore recoverable from the guardian, not the minor. Case-Laws Central Excise Mon, 08 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73251