https://www.taxtmi.com/caselaws?id=88233 The Tribunal set aside previous orders and remanded the case to the Assistant Commissioner to allow redemption of the revolver with an appropriate redemption fine. The Assistant Commissioner was directed to provide a rationale for determining the fine, considering factors like market price and other relevant information, emphasizing the officer's discretion in determining the redemption fine and the need to record the reasoning behind the decision. en-us Fri, 22 Nov 1996 00:00:00 +0530 Fri, 16 Sep 2011 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88233 The Tribunal set aside previous orders and remanded the case to the Assistant Commissioner to allow redemption of the revolver with an appropriate redemption fine. The Assistant Commissioner was directed to provide a rationale for determining the fine, considering factors like market price and other relevant information, emphasizing the officer's discretion in determining the redemption fine and the need to record the reasoning behind the decision. Case-Laws Customs Fri, 22 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88233