https://www.taxtmi.com/caselaws?id=344411 The Court remanded the case involving a penalty imposed on the Assessee for taking excess credit on capital goods. The Tribunal's initial decision in favor of the Assessee was reversed upon a rectification application by the Revenue, citing a Supreme Court judgment. The Court emphasized the need for a determination on whether the penalty was a result of a mistake or deliberate deception, directing the Tribunal to conduct a fresh hearing considering all relevant aspects and legal provisions. The judgment favored the Assessee's argument of a mistake in claiming excess credit, leading to the remand of the case for further examination. en-us Mon, 05 Jun 2017 00:00:00 +0530 Tue, 30 Jan 2018 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344411 The Court remanded the case involving a penalty imposed on the Assessee for taking excess credit on capital goods. The Tribunal's initial decision in favor of the Assessee was reversed upon a rectification application by the Revenue, citing a Supreme Court judgment. The Court emphasized the need for a determination on whether the penalty was a result of a mistake or deliberate deception, directing the Tribunal to conduct a fresh hearing considering all relevant aspects and legal provisions. The judgment favored the Assessee's argument of a mistake in claiming excess credit, leading to the remand of the case for further examination. Case-Laws Central Excise Mon, 05 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344411