2013 (8) TMI 469

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..... of CHA licence not permitted by law – quantum of penalty of Rs. 5 lakhs shall be reasonable - overall assessment of the facts depicted and finding that the appellant was not an abettor to the offence committed - penalty aspect should not be dealt leniently – penal proceedings being quasi-criminal in nature, taking into consideration the civil punishment the appellant had already undergone penalty .....

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..... as directed to deposit Rs. 5 lakhs at the interim stage to protect the interest of Revenue. 2. Since record does not reveal that the appellant had hatched conspiracy against Revenue, penalty of the magnitude of Rs. 20 lakhs may be disproportionate to the act of letting out of CHA licence not permitted by law. We have also noticed that CHA licence of the appellant has been cancelled on 8.8.2007 a .....

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