TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
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>Tribunal reduces penalty for clearing goods against debit balance citing lack of mala fide intention</h1> The Appellate Tribunal CEGAT, Calcutta reduced the penalty imposed on the appellants from Rs. 10 lakhs to Rs. 2.5 lakhs due to lack of mala fide intention ... Penalty when reducible The Appellate Tribunal CEGAT, Calcutta reduced the penalty imposed on the appellants from Rs. 10 lakhs to Rs. 2.5 lakhs due to lack of mala fide intention. The penalty was for clearing goods against debit balance in their PLA, despite the appellants' explanation of banking delays. The Tribunal upheld the decision while reducing the penalty amount.
TaxTMI 
TaxTMI 
