Penalty Waived for Late Filing of Return ER-3 due to Lack of Prejudice

The Appellate Tribunal CESTAT, Mumbai set aside a penalty of Rs. 10,000 imposed on an appellant for delayed filing of return ER-3, citing the appellant's unfamiliarity with procedures and compliance requirements. As the revenue did not demonstrate any resulting prejudice or loss due to the delay, the penalty was waived, and the appeal was allowed.

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The Appellate Tribunal CESTAT, Mumbai set aside a penalty of Rs. 10,000 imposed on an appellant for delayed filing of return ER-3. The appellant was new to procedures and compliance, and the revenue failed to show any prejudice or loss caused by the delay. The penalty was waived, and the appeal was allowed.

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