https://www.taxtmi.com/caselaws?id=80059 Under the Gold (Control) Act, 1968, a firm is recognised as a distinct statutory entity capable of holding a gold dealer's licence, and its identity is not merged with that of its partners. Because the applicant sought the licence in an individual capacity, the declaration requirements covered only the applicant's own particulars. Non-disclosure of the firm's earlier offence and penalty did not amount to furnishing inaccurate particulars by the individual applicant, so refusal of the licence on that ground was not justified. The licensing provisions therefore operated on the basis that firm-related past conduct could not automatically be imputed to the individual applicant for rejection purposes. en-us Mon, 07 Aug 1989 00:00:00 +0530 Tue, 14 Jun 2011 13:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80059 Under the Gold (Control) Act, 1968, a firm is recognised as a distinct statutory entity capable of holding a gold dealer's licence, and its identity is not merged with that of its partners. Because the applicant sought the licence in an individual capacity, the declaration requirements covered only the applicant's own particulars. Non-disclosure of the firm's earlier offence and penalty did not amount to furnishing inaccurate particulars by the individual applicant, so refusal of the licence on that ground was not justified. The licensing provisions therefore operated on the basis that firm-related past conduct could not automatically be imputed to the individual applicant for rejection purposes. Case-Laws Central Excise Mon, 07 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80059