https://www.taxtmi.com/caselaws?id=361349 The Tribunal upheld a penalty of Rs. 50,000 imposed on the appellant as a partner in a firm involved in issuing bogus invoices, despite the main firm already being penalized. The appellant's active role in the fraudulent activities, as evidenced by statements and his admission of culpability, led to the Tribunal affirming the penalty. The Tribunal relied on precedent from the Hon'ble Bombay High Court to support the imposition of a penalty on the partner even when the main firm is penalized. Consequently, the appeal was dismissed, and the penalty upheld. en-us Thu, 26 Apr 2018 00:00:00 +0530 Mon, 04 Jun 2018 23:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361349 The Tribunal upheld a penalty of Rs. 50,000 imposed on the appellant as a partner in a firm involved in issuing bogus invoices, despite the main firm already being penalized. The appellant's active role in the fraudulent activities, as evidenced by statements and his admission of culpability, led to the Tribunal affirming the penalty. The Tribunal relied on precedent from the Hon'ble Bombay High Court to support the imposition of a penalty on the partner even when the main firm is penalized. Consequently, the appeal was dismissed, and the penalty upheld. Case-Laws Central Excise Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361349