TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appeal allowed by CESTAT Chennai, penalty set aside for obtaining tax arrears settlement certificate.</h1> <h3>KRISHNA MOBIKES Versus COMMISSIONER OF C. EX. (S. T.), TRICHY</h3> The Appellate Tribunal CESTAT, Chennai allowed the appeal, setting aside the penalty imposed on the appellants, as they obtained a certificate for full ... Penalty - In this case, the assessees have obtained a certificate for full and final settlement of tax arrears under Section 96(2) of the Finance Act, 2008 in respect of Dispute Resolution Scheme, 2008. The certificate grants immunity from institution of any proceedings for imposition of penalty, in respect of matters covered in the afore said declaration made by the assessees. In view of the above settlement, the penalty imposed on the appellants is set aside and the appeal is allowed. The Appellate Tribunal CESTAT, Chennai allowed the appeal as the assessees obtained a certificate for full and final settlement of tax arrears under Section 96(2) of the Finance Act, 2008, granting immunity from penalty proceedings under the Finance Act, 1994. Penalty imposed on the appellants was set aside.
TaxTMI 
TaxTMI 
