https://www.taxtmi.com/caselaws?id=247323 The High Court allowed the appeal, setting aside the Tribunal's decision that denied the assessee the benefit of reduced penalty under the proviso to Section 11AC of the Central Excise Act, 1944. The Court directed the Tribunal to consider the assessee's entitlement to the reduced penalty and the adjustment of excess tax paid, emphasizing the need to take into account statutory benefits and ensure proper adjustments. The matter was remanded for fresh consideration in light of the High Court's observations. en-us Fri, 06 Dec 2013 00:00:00 +0530 Sat, 30 May 2015 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247323 The High Court allowed the appeal, setting aside the Tribunal's decision that denied the assessee the benefit of reduced penalty under the proviso to Section 11AC of the Central Excise Act, 1944. The Court directed the Tribunal to consider the assessee's entitlement to the reduced penalty and the adjustment of excess tax paid, emphasizing the need to take into account statutory benefits and ensure proper adjustments. The matter was remanded for fresh consideration in light of the High Court's observations. Case-Laws Central Excise Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247323