https://www.taxtmi.com/caselaws?id=252238 The Tribunal allowed the Revenue's rectification of mistake application, acknowledging factual inaccuracies in the previous order. The matter was remanded to the Commissioner (Appeals) for a fresh decision without being bound by the erroneous observations. The Tribunal upheld the setting aside of the penalty of Rs. 10 lakhs on Shri N.N. Gupta, as there was no appeal by the Revenue against the penalty imposition in the initial litigation round. The rectification application was rejected concerning the penalty imposition, as the Tribunal found the previous order's observations to be factually correct. en-us Fri, 17 Jan 2014 00:00:00 +0530 Wed, 15 Oct 2014 12:10:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252238 The Tribunal allowed the Revenue's rectification of mistake application, acknowledging factual inaccuracies in the previous order. The matter was remanded to the Commissioner (Appeals) for a fresh decision without being bound by the erroneous observations. The Tribunal upheld the setting aside of the penalty of Rs. 10 lakhs on Shri N.N. Gupta, as there was no appeal by the Revenue against the penalty imposition in the initial litigation round. The rectification application was rejected concerning the penalty imposition, as the Tribunal found the previous order's observations to be factually correct. Case-Laws Central Excise Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252238