https://www.taxtmi.com/caselaws?id=259498 The High Court remitted the case back to the original authority for reassessment of penalty imposition in accordance with Section 11AC, as clarified by the Apex Court. Interest payment was deemed automatic under Sections 11AA and 11AB, with the applicable rate to be determined by the original authority. The High Court directed the focus on penalty imposition solely on the company, not its directors, aligning with previous decisions and Apex Court interpretations. All appeals were allowed, leading to further proceedings based on the court's observations and cited judgments. en-us Wed, 28 Jan 2015 00:00:00 +0530 Sat, 03 Oct 2015 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259498 The High Court remitted the case back to the original authority for reassessment of penalty imposition in accordance with Section 11AC, as clarified by the Apex Court. Interest payment was deemed automatic under Sections 11AA and 11AB, with the applicable rate to be determined by the original authority. The High Court directed the focus on penalty imposition solely on the company, not its directors, aligning with previous decisions and Apex Court interpretations. All appeals were allowed, leading to further proceedings based on the court's observations and cited judgments. Case-Laws Central Excise Wed, 28 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259498