Karnataka HC dismisses revenue's appeal, no penalty for timely duty payment The Karnataka HC dismissed the revenue's appeal against a Tribunal order, ruling no penalty on the assessee for paying duty and interest before the show ...
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Karnataka HC dismisses revenue's appeal, no penalty for timely duty payment
The Karnataka HC dismissed the revenue's appeal against a Tribunal order, ruling no penalty on the assessee for paying duty and interest before the show cause notice, citing precedent.
The Karnataka High Court dismissed the revenue's appeal challenging a Tribunal order that no penalty is leviable on the assessee for paying duty and interest before the show cause notice. The Court referred to a previous judgment where it was held that penalty is not leviable in such circumstances.
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