https://www.taxtmi.com/caselaws?id=95248 Settlement by the principal noticee company under the Kar Vivad Samadhan Scheme was treated as extending immunity to co-noticees, including directors, where the directors were proceeded against only in that capacity. On that footing, continuation of penalty proceedings against the directors was held unsustainable after the company had already obtained settlement benefit. The penalty on the directors was therefore correctly dropped, and the Revenue's challenge failed. en-us Tue, 12 Dec 2000 00:00:00 +0530 Fri, 09 Dec 2011 11:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95248 Settlement by the principal noticee company under the Kar Vivad Samadhan Scheme was treated as extending immunity to co-noticees, including directors, where the directors were proceeded against only in that capacity. On that footing, continuation of penalty proceedings against the directors was held unsustainable after the company had already obtained settlement benefit. The penalty on the directors was therefore correctly dropped, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 12 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95248