https://www.taxtmi.com/caselaws?id=74241 Cancellation of a gold dealer's licence under Section 50(1A) of the Gold (Control) Act is a severe penalty and is justified only where the offence is grave. Where the revisional authority has already reduced the monetary consequences and the dealer has also been acquitted by the Sessions Court, the surrounding circumstances show that the matter is not of sufficient seriousness. In such a setting, sustaining the extreme step of licence cancellation would be inconsistent with the lenient approach already adopted by the authorities, so the cancellation was set aside. en-us Tue, 16 Feb 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74241 Cancellation of a gold dealer's licence under Section 50(1A) of the Gold (Control) Act is a severe penalty and is justified only where the offence is grave. Where the revisional authority has already reduced the monetary consequences and the dealer has also been acquitted by the Sessions Court, the surrounding circumstances show that the matter is not of sufficient seriousness. In such a setting, sustaining the extreme step of licence cancellation would be inconsistent with the lenient approach already adopted by the authorities, so the cancellation was set aside. Case-Laws Central Excise Tue, 16 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74241