https://www.taxtmi.com/caselaws?id=197231 Once penalty is attracted under Section 11AC, the appellate authority cannot arbitrarily reduce the statutory penalty without a lawful basis in the statute. The reduction made by the Commissioner (Appeals) was unsustainable because no finding was recorded that Section 11AC was inapplicable, and no other statutory basis was identified for imposing a reduced penalty. The reduction was therefore held impermissible and was set aside in favour of the Revenue. en-us Tue, 28 Feb 2017 00:00:00 +0530 Sat, 30 Dec 2017 18:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197231 Once penalty is attracted under Section 11AC, the appellate authority cannot arbitrarily reduce the statutory penalty without a lawful basis in the statute. The reduction made by the Commissioner (Appeals) was unsustainable because no finding was recorded that Section 11AC was inapplicable, and no other statutory basis was identified for imposing a reduced penalty. The reduction was therefore held impermissible and was set aside in favour of the Revenue. Case-Laws Central Excise Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197231