https://www.taxtmi.com/caselaws?id=428654 The court quashed the Settlement Commission's orders imposing interest and penalties on the petitioner, directing the refund of the penalty amount and cancellation of the bank guarantee. Emphasizing that interest and penalties require explicit statutory provisions, the court ruled the imposition unwarranted. The petition was disposed of without costs. en-us Thu, 15 Sep 2022 00:00:00 +0530 Fri, 07 Oct 2022 13:10:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428654 The court quashed the Settlement Commission's orders imposing interest and penalties on the petitioner, directing the refund of the penalty amount and cancellation of the bank guarantee. Emphasizing that interest and penalties require explicit statutory provisions, the court ruled the imposition unwarranted. The petition was disposed of without costs. Case-Laws Customs Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428654