https://www.taxtmi.com/caselaws?id=74014 The Tribunal set aside the order of absolute confiscation of 81.900 gms of primary gold seized from the appellant, directing redemption upon payment of a fine of Rs. 12,500. The decision was based on discrepancies in the authorities' reasoning, failure to differentiate between possession and dealing without a license, and government policies allowing redemption of gold. The appellant's claim of obtaining the gold from melting old ornaments and absence of specific charges related to dealing without a license were considered, leading to the redemption option. en-us Tue, 06 Sep 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74014 The Tribunal set aside the order of absolute confiscation of 81.900 gms of primary gold seized from the appellant, directing redemption upon payment of a fine of Rs. 12,500. The decision was based on discrepancies in the authorities' reasoning, failure to differentiate between possession and dealing without a license, and government policies allowing redemption of gold. The appellant's claim of obtaining the gold from melting old ornaments and absence of specific charges related to dealing without a license were considered, leading to the redemption option. Case-Laws Indian Laws Tue, 06 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74014