https://www.taxtmi.com/caselaws?id=239854 The High Court dismissed the appeal filed by the revenue challenging the penalty imposed under section 11AC of the Central Excise Act, 1944. The Court upheld the decision of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) to quash the penalty, citing the concept of revenue neutrality as there was no loss to the department due to the transfer of capital goods within the same Commissionerate for job work. The Court found no error in the Tribunal's decision and emphasized that the transactions were within the Central Excise Authority's purview. Another related appeal was also dismissed based on the outcome of the main tax appeal. en-us Wed, 13 Nov 2013 00:00:00 +0530 Mon, 08 Sep 2014 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239854 The High Court dismissed the appeal filed by the revenue challenging the penalty imposed under section 11AC of the Central Excise Act, 1944. The Court upheld the decision of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) to quash the penalty, citing the concept of revenue neutrality as there was no loss to the department due to the transfer of capital goods within the same Commissionerate for job work. The Court found no error in the Tribunal's decision and emphasized that the transactions were within the Central Excise Authority's purview. Another related appeal was also dismissed based on the outcome of the main tax appeal. Case-Laws Central Excise Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239854