https://www.taxtmi.com/caselaws?id=78623 The High Court set aside the order reducing the penalty under Section 11AC of the Central Excise Act, 1944 to Rs.1 lac, ruling that the penalty could not be less than 100% without a finding of concealment by the assessee. The matter was remanded to the Tribunal for a fresh decision on the penalty issue in line with the law, emphasizing the need for proper justification for penalties as per statutory provisions. The appeal was disposed of, directing the parties to appear before the Tribunal for further proceedings. en-us Tue, 24 Aug 2010 00:00:00 +0530 Fri, 06 Jan 2012 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78623 The High Court set aside the order reducing the penalty under Section 11AC of the Central Excise Act, 1944 to Rs.1 lac, ruling that the penalty could not be less than 100% without a finding of concealment by the assessee. The matter was remanded to the Tribunal for a fresh decision on the penalty issue in line with the law, emphasizing the need for proper justification for penalties as per statutory provisions. The appeal was disposed of, directing the parties to appear before the Tribunal for further proceedings. Case-Laws Central Excise Tue, 24 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78623