https://www.taxtmi.com/caselaws?id=264875 The appeal filed by the Revenue challenging the imposition of reduced penalty on the assessee was rejected by the Tribunal based on the precedent set by the Gujarat High Court regarding the benefit of reduced penalty under Section 11AC of the Act. Additionally, the Tribunal held that no separate penalty could be imposed on the partner of the assessee when the firm had already been penalized, following a High Court decision. As a result, the appeal by the Revenue was rejected, the appeal by the assessee was dismissed as infructuous, and the partner's appeal was allowed. en-us Thu, 12 Feb 2015 00:00:00 +0530 Sun, 04 Oct 2015 21:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264875 The appeal filed by the Revenue challenging the imposition of reduced penalty on the assessee was rejected by the Tribunal based on the precedent set by the Gujarat High Court regarding the benefit of reduced penalty under Section 11AC of the Act. Additionally, the Tribunal held that no separate penalty could be imposed on the partner of the assessee when the firm had already been penalized, following a High Court decision. As a result, the appeal by the Revenue was rejected, the appeal by the assessee was dismissed as infructuous, and the partner's appeal was allowed. Case-Laws Central Excise Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264875