https://www.taxtmi.com/caselaws?id=3787 The Tribunal set aside penalties imposed by the Commissioner (Appeals) in a tax dispute case. The appellant had mistakenly taken credit based on invoices from an unregistered dealer and claimed transitional credit on stock procured without duty payment. The Tribunal found no intention to evade duty, noting the appellant's substantial credit balance. As no financial benefit was gained and the errors were promptly rectified, penalties were deemed unjustified. The appeals were allowed, and penalties were set aside with consequential relief granted. en-us Fri, 23 Nov 2007 00:00:00 +0530 Thu, 01 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3787 The Tribunal set aside penalties imposed by the Commissioner (Appeals) in a tax dispute case. The appellant had mistakenly taken credit based on invoices from an unregistered dealer and claimed transitional credit on stock procured without duty payment. The Tribunal found no intention to evade duty, noting the appellant's substantial credit balance. As no financial benefit was gained and the errors were promptly rectified, penalties were deemed unjustified. The appeals were allowed, and penalties were set aside with consequential relief granted. Case-Laws Central Excise Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3787