https://www.taxtmi.com/caselaws?id=351814 The Tribunal allowed the appeals, set aside the impugned order, and held that the appellant is entitled to consequential benefits. It found minor stock discrepancies were normal variations, no evidence of fraudulent activities in availing Modvat credit or diversion of raw materials. The penalty on the director was set aside due to unreliable statements. The Commissioner's selective reliance on evidence led to erroneous conclusions. en-us Wed, 18 Oct 2017 00:00:00 +0530 Sat, 02 Dec 2017 10:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351814 The Tribunal allowed the appeals, set aside the impugned order, and held that the appellant is entitled to consequential benefits. It found minor stock discrepancies were normal variations, no evidence of fraudulent activities in availing Modvat credit or diversion of raw materials. The penalty on the director was set aside due to unreliable statements. The Commissioner's selective reliance on evidence led to erroneous conclusions. Case-Laws Central Excise Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351814