https://www.taxtmi.com/caselaws?id=237601 The High Court held that no substantial question of law arose from the Tribunal's deletion of penalty and demand because the Tribunal's findings were factual and based on the record. It accepted that the assessee had maintained lot registers and ledger entries, made payments by account payee cheques, and that there was no material discrediting the transactions or proving the suppliers were non-existent. As the Tribunal was the final fact-finding authority and no legal error in its appreciation of evidence was shown, the Department's challenge lacked merit and could not justify interference. en-us Mon, 03 Sep 2012 00:00:00 +0530 Mon, 30 Sep 2013 06:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237601 The High Court held that no substantial question of law arose from the Tribunal's deletion of penalty and demand because the Tribunal's findings were factual and based on the record. It accepted that the assessee had maintained lot registers and ledger entries, made payments by account payee cheques, and that there was no material discrediting the transactions or proving the suppliers were non-existent. As the Tribunal was the final fact-finding authority and no legal error in its appreciation of evidence was shown, the Department's challenge lacked merit and could not justify interference. Case-Laws Central Excise Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237601