https://www.taxtmi.com/caselaws?id=366818 The appellate tribunal set aside the penalty imposed on the appellant under Section 11AC of the Act for transferring capital goods without duty payment. The tribunal emphasized the importance of adhering to the five-year limitation period for penalty imposition, as established by judicial pronouncements. Criticizing the arbitrary actions of the department, the tribunal highlighted the need to respect legal precedents and statutory time limits to avoid unjust penalties and unnecessary litigation. The decision underscored the significance of upholding legal principles and ensuring fairness in tax matters. en-us Fri, 03 Aug 2018 00:00:00 +0530 Wed, 12 Sep 2018 09:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366818 The appellate tribunal set aside the penalty imposed on the appellant under Section 11AC of the Act for transferring capital goods without duty payment. The tribunal emphasized the importance of adhering to the five-year limitation period for penalty imposition, as established by judicial pronouncements. Criticizing the arbitrary actions of the department, the tribunal highlighted the need to respect legal precedents and statutory time limits to avoid unjust penalties and unnecessary litigation. The decision underscored the significance of upholding legal principles and ensuring fairness in tax matters. Case-Laws Central Excise Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366818