https://www.taxtmi.com/caselaws?id=90279 Penalty for delayed filing of the RT-12 return was sustained because the assessee offered a family difficulty explanation without supporting evidence, leaving no basis to interfere. Modvat credit on capital goods could not be denied where the goods were covered by the definition of capital goods and intimation of receipt was given to the jurisdictional Superintendent the next day, amounting to substantial compliance with the statutory requirement. The connected penalty was therefore set aside. The result was that only the credit disallowance and related penalty were overturned, while the delayed-return penalty remained undisturbed. en-us Thu, 04 Feb 1999 00:00:00 +0530 Tue, 04 Oct 2011 17:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90279 Penalty for delayed filing of the RT-12 return was sustained because the assessee offered a family difficulty explanation without supporting evidence, leaving no basis to interfere. Modvat credit on capital goods could not be denied where the goods were covered by the definition of capital goods and intimation of receipt was given to the jurisdictional Superintendent the next day, amounting to substantial compliance with the statutory requirement. The connected penalty was therefore set aside. The result was that only the credit disallowance and related penalty were overturned, while the delayed-return penalty remained undisturbed. Case-Laws Central Excise Thu, 04 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90279