https://www.taxtmi.com/caselaws?id=329752 The Tribunal held that although the correct assessment under Section 4A rendered the earlier refund erroneous, since the refund was voluntarily repaid with interest and no fraudulent intent was established, the penalty under Section 11AC was unjustified. The Tribunal set aside the penalty imposed under Section 11AC due to the lack of merit for such penalty. en-us Thu, 30 Jun 2016 00:00:00 +0530 Fri, 06 Jan 2017 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329752 The Tribunal held that although the correct assessment under Section 4A rendered the earlier refund erroneous, since the refund was voluntarily repaid with interest and no fraudulent intent was established, the penalty under Section 11AC was unjustified. The Tribunal set aside the penalty imposed under Section 11AC due to the lack of merit for such penalty. Case-Laws Central Excise Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329752