https://www.taxtmi.com/caselaws?id=364996 Penalty under section 78 of the Finance Act, 1994 requires proof of fraud, collusion, wilful misstatement or suppression of facts. The material on record did not establish those ingredients, so the penalty was not sustainable and was set aside. Because the invoices and supporting documents needed verification, the credit-related issue was not finally determined; the matter was remanded to the adjudicating authority for examination of the documents and fresh adjudication in accordance with law. en-us Fri, 06 Jul 2018 00:00:00 +0530 Thu, 09 Aug 2018 07:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364996 Penalty under section 78 of the Finance Act, 1994 requires proof of fraud, collusion, wilful misstatement or suppression of facts. The material on record did not establish those ingredients, so the penalty was not sustainable and was set aside. Because the invoices and supporting documents needed verification, the credit-related issue was not finally determined; the matter was remanded to the adjudicating authority for examination of the documents and fresh adjudication in accordance with law. Case-Laws Central Excise Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364996