https://www.taxtmi.com/caselaws?id=219695 The appeal was allowed in favor of the appellant-society, setting aside the judgment and order imposing a penalty of Rs. 2 lacs. The Court found the penalty unjust as it was solely based on a vague and unreliable affidavit, highlighting the lack of concrete evidence to support the allegations of excessive lifting of goods. The appellant's request for an extension of time was supported by the Textile Labour Association, and the Official Liquidator's report confirmed the goods were lifted from the correct premises. The Court emphasized the importance of thorough investigation before imposing penalties. en-us Wed, 10 Oct 2012 00:00:00 +0530 Wed, 12 Dec 2012 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219695 The appeal was allowed in favor of the appellant-society, setting aside the judgment and order imposing a penalty of Rs. 2 lacs. The Court found the penalty unjust as it was solely based on a vague and unreliable affidavit, highlighting the lack of concrete evidence to support the allegations of excessive lifting of goods. The appellant's request for an extension of time was supported by the Textile Labour Association, and the Official Liquidator's report confirmed the goods were lifted from the correct premises. The Court emphasized the importance of thorough investigation before imposing penalties. Case-Laws Companies Law Wed, 10 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219695