https://www.taxtmi.com/caselaws?id=267067 Penalty was not sustained because, although the issue was covered against the assessee by a Larger Bench decision, the Tribunal relied on the assessee's own earlier case on the same point where penalty had been dropped. On those facts, it held that imposition of penalty was not justified and upheld the Commissioner (Appeals)'s order deleting penalty. The penalty issue was therefore decided in favour of the assessee, and both appeals were rejected. en-us Thu, 02 Jul 2015 00:00:00 +0530 Thu, 30 Jul 2015 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267067 Penalty was not sustained because, although the issue was covered against the assessee by a Larger Bench decision, the Tribunal relied on the assessee's own earlier case on the same point where penalty had been dropped. On those facts, it held that imposition of penalty was not justified and upheld the Commissioner (Appeals)'s order deleting penalty. The penalty issue was therefore decided in favour of the assessee, and both appeals were rejected. Case-Laws Central Excise Thu, 02 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267067