https://www.taxtmi.com/caselaws?id=392258 A statutory penalty reduction must be supported by reasons showing application of mind to all relevant factors; a materially reasonless exercise of discretion cannot be sustained. Here, the Tribunal reduced the penalty from a much higher amount to a nominal sum based only on abatement of related appeals, without stating any statutory basis or considering the parameters governing quantum. The High Court held that such an unreasoned order could not stand on the issue of penalty fixation and set it aside, remitting the matter to the Tribunal for fresh determination of the quantum of penalty. en-us Tue, 11 Feb 2020 00:00:00 +0530 Thu, 12 Nov 2020 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392258 A statutory penalty reduction must be supported by reasons showing application of mind to all relevant factors; a materially reasonless exercise of discretion cannot be sustained. Here, the Tribunal reduced the penalty from a much higher amount to a nominal sum based only on abatement of related appeals, without stating any statutory basis or considering the parameters governing quantum. The High Court held that such an unreasoned order could not stand on the issue of penalty fixation and set it aside, remitting the matter to the Tribunal for fresh determination of the quantum of penalty. Case-Laws Customs Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392258