https://www.taxtmi.com/caselaws?id=251536 The Court held that the penalty imposed on the Respondent under Section 11AB of the Central Excise Act, 1944 was not justified as there was no evidence of fraud, collusion, or willful misstatement. The Court emphasized that for the imposition of a penalty, these elements must be proven. The Commissioner (Appeals) and the Tribunal's decisions to set aside the penalty were upheld, as the Assessee acted in good faith and lacked fraudulent intent. The Appeal was dismissed for lacking merit. en-us Mon, 01 Sep 2014 00:00:00 +0530 Sat, 10 Jan 2015 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251536 The Court held that the penalty imposed on the Respondent under Section 11AB of the Central Excise Act, 1944 was not justified as there was no evidence of fraud, collusion, or willful misstatement. The Court emphasized that for the imposition of a penalty, these elements must be proven. The Commissioner (Appeals) and the Tribunal's decisions to set aside the penalty were upheld, as the Assessee acted in good faith and lacked fraudulent intent. The Appeal was dismissed for lacking merit. Case-Laws Central Excise Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251536