https://www.taxtmi.com/caselaws?id=167456 Appellate reduction of penalty under the Gold (Control) Act was treated as a matter of judicial discretion, not a question of law, where the Tribunal had already confirmed contravention and relied on the factual record to reduce the penalty from Rs. 10,000 to Rs. 9,000. The reasoning stated that once the finding of violation stood, the quantum of penalty was within the Tribunal's appellate discretion, especially when the reduction was supported by reasons drawn from the evidence. On that basis, the reference application was rejected because it disclosed no referable question of law. en-us Thu, 16 May 1985 00:00:00 +0530 Sat, 20 Dec 2014 13:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167456 Appellate reduction of penalty under the Gold (Control) Act was treated as a matter of judicial discretion, not a question of law, where the Tribunal had already confirmed contravention and relied on the factual record to reduce the penalty from Rs. 10,000 to Rs. 9,000. The reasoning stated that once the finding of violation stood, the quantum of penalty was within the Tribunal's appellate discretion, especially when the reduction was supported by reasons drawn from the evidence. On that basis, the reference application was rejected because it disclosed no referable question of law. Case-Laws Customs Thu, 16 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167456