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1970 (8) TMI 79 - MADHYA PRADESH HIGH COURTExtract: .......t liable to penalty. 4. We accordingly answer the question referred as follows On the facts and circumstances of the case, the penalty of Rs. 7,500 imposed on the applicant under section 43(1) of the Act was not imposed lawfully and for reasons sustainable in law. Parties shall bear their own costs of this reference. Reference answered accordingly.
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