https://www.taxtmi.com/caselaws?id=33892 The High Court dismissed the appeal challenging the Tribunal's decision to set aside penalties under Section 11AC of the Central Excise Act. The Court upheld the Tribunal's findings that there was no deliberate tax evasion or suppression of facts by the respondents. The Tribunal's interpretation of the actions as not amounting to evasion, based on a beneficial understanding of notifications, led to the penalties being deleted. The Court found no legal grounds to interfere, as there was no evidence of intentional tax evasion. en-us Wed, 16 Jul 2008 00:00:00 +0530 Sat, 20 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33892 The High Court dismissed the appeal challenging the Tribunal's decision to set aside penalties under Section 11AC of the Central Excise Act. The Court upheld the Tribunal's findings that there was no deliberate tax evasion or suppression of facts by the respondents. The Tribunal's interpretation of the actions as not amounting to evasion, based on a beneficial understanding of notifications, led to the penalties being deleted. The Court found no legal grounds to interfere, as there was no evidence of intentional tax evasion. Case-Laws Central Excise Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33892