Tribunal upholds penalty, citing new policy on contesting penalties. Larger issue left for future.

The Tribunal dismissed the Revenue's appeal against a penalty of Rs. 5 lakhs imposed on the respondent, citing the new litigation policy not to contest penalties less than Rs. 10 lakhs. The larger issue was left open for future consideration.

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The Revenue filed an appeal against a penalty of Rs. 5 lakhs imposed on the respondent. The first appellate authority set aside the penalty. The Tribunal dismissed the appeal due to the new litigation policy not to contest penalties less than Rs. 10 lakhs, keeping the larger issue open for future consideration.

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