https://www.taxtmi.com/caselaws?id=123072 The Tribunal granted a waiver of the penalty under Rule 26 of the Central Excise Rules to the applicant, a statutory auditor of a private limited company. Despite allegations by the Revenue that the applicant colluded with another entity to misrepresent seized currency, the Tribunal found no evidence of tampering with account books. Consequently, the Tribunal ruled in favor of the applicant, waiving the entire penalty and allowing the stay petition. en-us Wed, 24 Oct 2007 00:00:00 +0530 Thu, 06 Sep 2012 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123072 The Tribunal granted a waiver of the penalty under Rule 26 of the Central Excise Rules to the applicant, a statutory auditor of a private limited company. Despite allegations by the Revenue that the applicant colluded with another entity to misrepresent seized currency, the Tribunal found no evidence of tampering with account books. Consequently, the Tribunal ruled in favor of the applicant, waiving the entire penalty and allowing the stay petition. Case-Laws Central Excise Wed, 24 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123072