https://www.taxtmi.com/caselaws?id=121387 The penalty against the Company for fraudulent activities related to deposit entries in Treasury Challans was confirmed, while the penalty imposed on the Managing Director was waived. The court found the Company liable for unjust enrichment but determined that the Managing Director was not actively involved or aware of the fraudulent actions conducted by subordinate staff. The decision aimed to hold the Company accountable while acknowledging the Managing Director's lack of direct involvement, ensuring a fair outcome in the case. en-us Tue, 27 Mar 2007 00:00:00 +0530 Mon, 30 Jul 2012 13:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121387 The penalty against the Company for fraudulent activities related to deposit entries in Treasury Challans was confirmed, while the penalty imposed on the Managing Director was waived. The court found the Company liable for unjust enrichment but determined that the Managing Director was not actively involved or aware of the fraudulent actions conducted by subordinate staff. The decision aimed to hold the Company accountable while acknowledging the Managing Director's lack of direct involvement, ensuring a fair outcome in the case. Case-Laws Central Excise Tue, 27 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121387