https://www.taxtmi.com/caselaws?id=115484 The Appellate Tribunal CESTAT, Mumbai upheld its decision disallowing deductions for bank charges and freight expenses based on sales policy terms. The Tribunal rejected the applicants' arguments for rectification of mistake, res judicata application, and time-barred pleas. It emphasized that deductions were impermissible under the law, previous decisions were considered, and time-bar arguments were found valid only within the normal limitation period. Interest and penalties were set aside due to lack of evidence of suppression or misstatement of facts. en-us Mon, 20 Jun 2005 00:00:00 +0530 Wed, 30 May 2012 10:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115484 The Appellate Tribunal CESTAT, Mumbai upheld its decision disallowing deductions for bank charges and freight expenses based on sales policy terms. The Tribunal rejected the applicants' arguments for rectification of mistake, res judicata application, and time-barred pleas. It emphasized that deductions were impermissible under the law, previous decisions were considered, and time-bar arguments were found valid only within the normal limitation period. Interest and penalties were set aside due to lack of evidence of suppression or misstatement of facts. Case-Laws Central Excise Mon, 20 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115484