https://www.taxtmi.com/caselaws?id=247318 The Tribunal upheld the adjudicating authority's decision to drop the demand raised in the show cause notice due to lack of evidence supporting under-valuation claims. The confirmation of the demand of approximately Rs.88 lakhs was set aside as the reasoning provided was deemed unacceptable. Penalties imposed on the main appellant and others were invalidated since the demand was unsustainable. The extended period for demand was not addressed specifically as the appeals were disposed of on merit. The Tribunal rejected the Revenue's appeal and allowed the appeals of all other appellants, emphasizing the need for tangible evidence in confirming demands and imposing penalties. en-us Thu, 01 May 2014 00:00:00 +0530 Mon, 24 Nov 2014 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247318 The Tribunal upheld the adjudicating authority's decision to drop the demand raised in the show cause notice due to lack of evidence supporting under-valuation claims. The confirmation of the demand of approximately Rs.88 lakhs was set aside as the reasoning provided was deemed unacceptable. Penalties imposed on the main appellant and others were invalidated since the demand was unsustainable. The extended period for demand was not addressed specifically as the appeals were disposed of on merit. The Tribunal rejected the Revenue's appeal and allowed the appeals of all other appellants, emphasizing the need for tangible evidence in confirming demands and imposing penalties. Case-Laws Central Excise Thu, 01 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247318