https://www.taxtmi.com/caselaws?id=359703 The Tribunal rejected the appellant's application for rectification of mistake in penalty imposition, upholding the original order dated 21.08.2014. The appellant's argument that the penalty was excessive compared to their earnings was countered by the Revenue, citing a Supreme Court judgment against revisiting penalty quantum. The Tribunal found that reassessing the penalty would require re-evaluation of evidence and exceed its authority, leading to the dismissal of the rectification application. en-us Mon, 05 Feb 2018 00:00:00 +0530 Thu, 03 May 2018 06:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359703 The Tribunal rejected the appellant's application for rectification of mistake in penalty imposition, upholding the original order dated 21.08.2014. The appellant's argument that the penalty was excessive compared to their earnings was countered by the Revenue, citing a Supreme Court judgment against revisiting penalty quantum. The Tribunal found that reassessing the penalty would require re-evaluation of evidence and exceed its authority, leading to the dismissal of the rectification application. Case-Laws Customs Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359703