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of <h1>Appellate Tribunal rules in favor of Managing Director, dropping penalty proceedings</h1> The Appellate Tribunal CESTAT Ahmedabad ruled in favor of the Managing Director of M/s.Rishiroop Rubber (I) Ltd, dropping penalty proceedings against ... - The Appellate Tribunal CESTAT Ahmedabad ruled in favor of the respondent, Managing Director of M/s.Rishiroop Rubber (I) Ltd, dropping penalty proceedings against them. The Tribunal allowed the appellant's plea and set aside the impugned order, rejecting the Revenue's plea for imposing a penalty.
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