https://www.taxtmi.com/caselaws?id=357406 The Member (Judicial) set aside the penalty imposed under Section 11AC in the appeal against duty short payment due to non-inclusion of notional profit and credit availed for input services. The appellant's payment of the entire demand for the normal period, despite interpretational ambiguities, indicated no malicious intent. The decision absolved the appellant of the penalty, emphasizing the importance of assessing intent in non-compliance cases and the complexity of tax provision interpretation. en-us Thu, 15 Feb 2018 00:00:00 +0530 Fri, 23 Mar 2018 07:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357406 The Member (Judicial) set aside the penalty imposed under Section 11AC in the appeal against duty short payment due to non-inclusion of notional profit and credit availed for input services. The appellant's payment of the entire demand for the normal period, despite interpretational ambiguities, indicated no malicious intent. The decision absolved the appellant of the penalty, emphasizing the importance of assessing intent in non-compliance cases and the complexity of tax provision interpretation. Case-Laws Central Excise Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357406