https://www.taxtmi.com/caselaws?id=122555 Penalty was held unwarranted where exemption was availed on the strength of a certificate issued by the project authorities and there was no material showing that the assessee knowingly misused the benefit. The subsequent finding that the funding agency did not satisfy the description required under Notification No. 108/95-C.E. was treated as a mitigating factor, not as a basis for penal action. On those facts, the penalty was set aside in favour of the assessee. en-us Thu, 29 Mar 2007 00:00:00 +0530 Tue, 14 Aug 2012 16:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122555 Penalty was held unwarranted where exemption was availed on the strength of a certificate issued by the project authorities and there was no material showing that the assessee knowingly misused the benefit. The subsequent finding that the funding agency did not satisfy the description required under Notification No. 108/95-C.E. was treated as a mitigating factor, not as a basis for penal action. On those facts, the penalty was set aside in favour of the assessee. Case-Laws Central Excise Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122555