https://www.taxtmi.com/caselaws?id=213165 The Appellate Tribunal CESTAT, CHENNAI overturned a penalty imposed under Section 78 of the Finance Act, 1994, stating that the assessees could not be penalized for suppression due to excise being revenue neutral with full tax credit available. The penalty was set aside, allowing the appeal. en-us Fri, 23 Sep 2011 00:00:00 +0530 Thu, 10 May 2012 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213165 The Appellate Tribunal CESTAT, CHENNAI overturned a penalty imposed under Section 78 of the Finance Act, 1994, stating that the assessees could not be penalized for suppression due to excise being revenue neutral with full tax credit available. The penalty was set aside, allowing the appeal. Case-Laws Service Tax Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213165