https://www.taxtmi.com/caselaws?id=117041 The Tribunal confirmed a demand of Rs. 1,47,00,127/- and reduced the penalty from Rs. 1,50,00,000/- to Rs. 75,00,000/ based on discrepancies in production figures. Despite the applicant's claims of ignorance of relevant evidence, the Tribunal found the evidence presented satisfactory and upheld its decision. The Tribunal's conclusion of suppressed production was supported by material evidence, and the Supreme Court precedent emphasized that mere misappreciation of evidence does not constitute a question of law unless it amounts to non-appreciation. The Tribunal's decision was deemed rational and not perverse, leading to the rejection of the reference application. en-us Thu, 27 Oct 2005 00:00:00 +0530 Tue, 19 Jun 2012 17:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117041 The Tribunal confirmed a demand of Rs. 1,47,00,127/- and reduced the penalty from Rs. 1,50,00,000/- to Rs. 75,00,000/ based on discrepancies in production figures. Despite the applicant's claims of ignorance of relevant evidence, the Tribunal found the evidence presented satisfactory and upheld its decision. The Tribunal's conclusion of suppressed production was supported by material evidence, and the Supreme Court precedent emphasized that mere misappreciation of evidence does not constitute a question of law unless it amounts to non-appreciation. The Tribunal's decision was deemed rational and not perverse, leading to the rejection of the reference application. Case-Laws Central Excise Thu, 27 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117041