https://www.taxtmi.com/caselaws?id=264532 The court upheld the reduction of the redemption fine to 1,00,000 but dismissed the appeal. Despite showing leniency by waiving the penalty, the court emphasized the importance of complying with statutory provisions, upholding the imposition of the redemption fine based on the violation of licensing notes. The court clarified that fines could be imposed even in cases of statutory interpretation and without malicious intent, highlighting the significance of adherence to legal requirements. en-us Thu, 13 Aug 2015 00:00:00 +0530 Tue, 05 Jan 2016 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264532 The court upheld the reduction of the redemption fine to 1,00,000 but dismissed the appeal. Despite showing leniency by waiving the penalty, the court emphasized the importance of complying with statutory provisions, upholding the imposition of the redemption fine based on the violation of licensing notes. The court clarified that fines could be imposed even in cases of statutory interpretation and without malicious intent, highlighting the significance of adherence to legal requirements. Case-Laws Customs Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264532