https://www.taxtmi.com/caselaws?id=203220 Penalty proceedings against a director/co-noticee could not be sustained once the main noticee's dispute had been settled before the Settlement Commission. The Tribunal applied the settled principle that settlement of the principal noticee's case brings the penalty proceedings against co-noticees to an end, and held that any distinction between full waiver and reduction of the main noticee's penalty did not change that legal position. The observation that immunity does not automatically extend to other noticees was not allowed to override that principle. Penalty on the appellant was therefore set aside. en-us Fri, 08 Oct 2010 00:00:00 +0530 Fri, 13 May 2011 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203220 Penalty proceedings against a director/co-noticee could not be sustained once the main noticee's dispute had been settled before the Settlement Commission. The Tribunal applied the settled principle that settlement of the principal noticee's case brings the penalty proceedings against co-noticees to an end, and held that any distinction between full waiver and reduction of the main noticee's penalty did not change that legal position. The observation that immunity does not automatically extend to other noticees was not allowed to override that principle. Penalty on the appellant was therefore set aside. Case-Laws Central Excise Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203220