https://www.taxtmi.com/caselaws?id=365416 The Tribunal ruled that penalties imposed on a dissolved company cannot be enforced on its successor entity. In this case, penalties on M/s. Standard Electricals Limited were set aside, preventing recovery from M/s. Havells India Limited. The judgment emphasized that penalties are tied to individuals, not entities, and thus cannot be transferred to successor companies. The demand with interest was confirmed, but the penalty recovery from the successor company was deemed legally untenable. en-us Tue, 17 Jul 2018 00:00:00 +0530 Fri, 17 Aug 2018 09:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365416 The Tribunal ruled that penalties imposed on a dissolved company cannot be enforced on its successor entity. In this case, penalties on M/s. Standard Electricals Limited were set aside, preventing recovery from M/s. Havells India Limited. The judgment emphasized that penalties are tied to individuals, not entities, and thus cannot be transferred to successor companies. The demand with interest was confirmed, but the penalty recovery from the successor company was deemed legally untenable. Case-Laws Central Excise Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365416