Court Quashes Unjustified Penalty Proceedings from Search and Seizure Action, Declares Orders Unsustainable.

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....Levy of penalty u/s 129(3) subsequent to the search and seizure action - In light of the judicial interpretations, the High Court found the penalty proceedings initiated against the petitioner unjustified. The impugned orders, were deemed unsustainable and were consequently quashed and set aside.....