https://www.taxtmi.com/caselaws?id=219994 The High Court upheld the Settlement Commission's decision to impose a penalty of Rs.15 lacs on the petitioner, emphasizing the importance of full disclosure in settlement proceedings. The Court found the penalty justified based on the petitioner's admissions of undervaluation and deliberate misdeclaration, concluding that there was no fault in the decision-making process. The Court dismissed the petition, stating that the Settlement Commission's order should be considered as a package deal and declined to interfere further. en-us Wed, 19 Dec 2012 00:00:00 +0530 Mon, 06 May 2013 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219994 The High Court upheld the Settlement Commission's decision to impose a penalty of Rs.15 lacs on the petitioner, emphasizing the importance of full disclosure in settlement proceedings. The Court found the penalty justified based on the petitioner's admissions of undervaluation and deliberate misdeclaration, concluding that there was no fault in the decision-making process. The Court dismissed the petition, stating that the Settlement Commission's order should be considered as a package deal and declined to interfere further. Case-Laws Central Excise Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219994