https://www.taxtmi.com/caselaws?id=107582 Personal penalty under Section 11AC was unwarranted where the demand arose from scrutiny of RT-12 returns and the assessee had disclosed the clearances and availed Rule 57AD before the Revenue. On those facts, there was no material of suppression, deliberate short payment, or mala fide intent to evade duty. The dispute turned on interpretation of law rather than concealed transactions. As the statutory precondition for penalty was not established, the penalty was deleted. en-us Thu, 12 Jun 2003 00:00:00 +0530 Fri, 23 Mar 2012 15:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107582 Personal penalty under Section 11AC was unwarranted where the demand arose from scrutiny of RT-12 returns and the assessee had disclosed the clearances and availed Rule 57AD before the Revenue. On those facts, there was no material of suppression, deliberate short payment, or mala fide intent to evade duty. The dispute turned on interpretation of law rather than concealed transactions. As the statutory precondition for penalty was not established, the penalty was deleted. Case-Laws Central Excise Thu, 12 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107582