https://www.taxtmi.com/caselaws?id=122148 The appeal involved the imposition of a penalty and confiscation of currency amounting to Rs. 47,71,100/- against a Chartered Accountant intercepted at the airport with the funds. Despite the appellant's claims of innocence and mitigating circumstances, evidence linking him to the seized currencies led to the conclusion of his association with the matter. The tribunal considered the appellant's age and health condition, reducing the penalty to Rs. 1,00,000/- due to his critical health condition as a cancer patient and advanced age. The majority of the impugned order was upheld, affirming his involvement with the seized currencies. en-us Tue, 21 Nov 2006 00:00:00 +0530 Sat, 16 Nov 2013 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122148 The appeal involved the imposition of a penalty and confiscation of currency amounting to Rs. 47,71,100/- against a Chartered Accountant intercepted at the airport with the funds. Despite the appellant's claims of innocence and mitigating circumstances, evidence linking him to the seized currencies led to the conclusion of his association with the matter. The tribunal considered the appellant's age and health condition, reducing the penalty to Rs. 1,00,000/- due to his critical health condition as a cancer patient and advanced age. The majority of the impugned order was upheld, affirming his involvement with the seized currencies. Case-Laws Customs Tue, 21 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122148