2014 (11) TMI 1128 - HC - Customs

Penalties - separate identity of proprietor and sole proprietory concern - Held that - penalties have been set aside because of the fact that this sole proprietary concern has been already penalized. Therefore the sole proprietor need not pay penalty separately - appeal dismissed - decided against Revenue.

Summary

The Bombay High Court dismissed the appeal as the penalties were set aside for a sole proprietary concern, stating that the sole proprietor need not pay penalty separately. The decision was based on a similar case involving Gyanchand Jain.