https://www.taxtmi.com/caselaws?id=266273 The case involved a duty demand of Rs. 2,00,826 on the appellant company and its Director based on recovered documents. The Tribunal directed verification of reconciliation, which was not disputed by the Advocate. The Revenue's lack of further investigation was challenged but deemed justified by the Tribunal. The penalty on the Director was set aside due to lack of evidence, while the duty demand on the company was upheld with a penalty of 25% under Section 11AC of the Central Excise Act 1944. The appeal by the Director was allowed. en-us Fri, 15 May 2015 00:00:00 +0530 Tue, 10 Nov 2015 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266273 The case involved a duty demand of Rs. 2,00,826 on the appellant company and its Director based on recovered documents. The Tribunal directed verification of reconciliation, which was not disputed by the Advocate. The Revenue's lack of further investigation was challenged but deemed justified by the Tribunal. The penalty on the Director was set aside due to lack of evidence, while the duty demand on the company was upheld with a penalty of 25% under Section 11AC of the Central Excise Act 1944. The appeal by the Director was allowed. Case-Laws Central Excise Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266273