https://www.taxtmi.com/caselaws?id=761067 Penalty on a co-noticee under Rule 26 was challenged on the basis that the main noticee's dispute had been settled under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Faced with conflicting authorities on whether such settlement extinguishes co-noticee penalty, the Division Bench view favourable to the assessee was applied over contrary Single Member Bench decisions. On that basis, the penalty could not be sustained and was set aside. en-us Tue, 29 Oct 2024 00:00:00 +0530 Mon, 04 Nov 2024 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761067 Penalty on a co-noticee under Rule 26 was challenged on the basis that the main noticee's dispute had been settled under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Faced with conflicting authorities on whether such settlement extinguishes co-noticee penalty, the Division Bench view favourable to the assessee was applied over contrary Single Member Bench decisions. On that basis, the penalty could not be sustained and was set aside. Case-Laws Central Excise Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761067