https://www.taxtmi.com/caselaws?id=154759 The Tribunal allowed the appellant, M/s. K.P. Fragrances, the option to discharge the penalty under Section 11AC, citing a judgment from the Hon'ble High Court of Delhi. However, the penalty on Shri Amit Sharma was upheld due to insufficient explanation for discrepancies found during the investigation, leading to the dismissal of the appeal. The Tribunal emphasized the importance of providing the Assessee with the option to avail concession in penalty to ensure justice, in line with the Delhi High Court's ruling. en-us Wed, 24 Feb 2010 00:00:00 +0530 Tue, 27 Aug 2013 12:30:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154759 The Tribunal allowed the appellant, M/s. K.P. Fragrances, the option to discharge the penalty under Section 11AC, citing a judgment from the Hon'ble High Court of Delhi. However, the penalty on Shri Amit Sharma was upheld due to insufficient explanation for discrepancies found during the investigation, leading to the dismissal of the appeal. The Tribunal emphasized the importance of providing the Assessee with the option to avail concession in penalty to ensure justice, in line with the Delhi High Court's ruling. Case-Laws Central Excise Wed, 24 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154759