https://www.taxtmi.com/caselaws?id=205067 The High Court upheld the Tribunal's decision to reduce the personal penalties of the Company's Directors from Rs. 4 lakh to Rs. 1 lakh each. Despite acknowledging the lack of detailed reasoning for the reduction, the Court decided not to interfere due to mitigating circumstances such as the payment of a significant portion of the duty before the notice was issued. The Court dismissed the Tax appeal, maintaining the reduced personal penalties set by the Tribunal. en-us Wed, 23 Mar 2011 00:00:00 +0530 Wed, 17 Aug 2011 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205067 The High Court upheld the Tribunal's decision to reduce the personal penalties of the Company's Directors from Rs. 4 lakh to Rs. 1 lakh each. Despite acknowledging the lack of detailed reasoning for the reduction, the Court decided not to interfere due to mitigating circumstances such as the payment of a significant portion of the duty before the notice was issued. The Court dismissed the Tax appeal, maintaining the reduced personal penalties set by the Tribunal. Case-Laws Central Excise Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205067