https://www.taxtmi.com/caselaws?id=31873 The High Court of Bombay set aside the Settlement Commission's Order granting immunity from prosecution and penalty but holding the petitioners liable to pay 10% interest per annum on excise duty. The Court found the lack of reasons in the Order for imposing the interest unjustified and noted a disparity in granting immunity compared to another case. It remanded the matters back to the Commission for reconsideration of the immunity from interest under Section 11AB, emphasizing the need for proper application of mind in such decisions. en-us Mon, 02 Apr 2007 00:00:00 +0530 Thu, 25 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31873 The High Court of Bombay set aside the Settlement Commission's Order granting immunity from prosecution and penalty but holding the petitioners liable to pay 10% interest per annum on excise duty. The Court found the lack of reasons in the Order for imposing the interest unjustified and noted a disparity in granting immunity compared to another case. It remanded the matters back to the Commission for reconsideration of the immunity from interest under Section 11AB, emphasizing the need for proper application of mind in such decisions. Case-Laws Central Excise Mon, 02 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31873