https://www.taxtmi.com/caselaws?id=217233 The High Court held that the Tribunal erred in reducing the personal penalty of M/s. Asian Plywood Industries without valid reasons, directing the Tribunal to reconsider the penalty with proper justification. The Court emphasized that any reduction in penalty must be supported by sound reasoning. The matter was remanded back to the Tribunal for fresh consideration in line with the Court's directive, after answering the substantial question of law negatively. en-us Mon, 15 Sep 2008 00:00:00 +0530 Thu, 01 May 2014 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217233 The High Court held that the Tribunal erred in reducing the personal penalty of M/s. Asian Plywood Industries without valid reasons, directing the Tribunal to reconsider the penalty with proper justification. The Court emphasized that any reduction in penalty must be supported by sound reasoning. The matter was remanded back to the Tribunal for fresh consideration in line with the Court's directive, after answering the substantial question of law negatively. Case-Laws Central Excise Mon, 15 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217233