https://www.taxtmi.com/caselaws?id=763546 The Punjab and Haryana HC quashed orders demanding interest and penalty from a petitioner company under the Excise Act. The company had voluntarily deposited excise duty after a Central Government audit revealed delayed payment. The court held that while authorities were empowered to conduct audits under Sections 14A and 14AA, they failed to provide the company with a show cause notice and opportunity for hearing before imposing interest and penalty. The court found that without proper procedural compliance under Sections 11AA and 11AC, the authorities could not determine whether the payment was truly delayed or voluntarily deposited. The demand for interest and penalty was deemed unsustainable in law due to violation of natural justice principles. en-us Fri, 20 Dec 2024 00:00:00 +0530 Sat, 21 Dec 2024 08:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763546 The Punjab and Haryana HC quashed orders demanding interest and penalty from a petitioner company under the Excise Act. The company had voluntarily deposited excise duty after a Central Government audit revealed delayed payment. The court held that while authorities were empowered to conduct audits under Sections 14A and 14AA, they failed to provide the company with a show cause notice and opportunity for hearing before imposing interest and penalty. The court found that without proper procedural compliance under Sections 11AA and 11AC, the authorities could not determine whether the payment was truly delayed or voluntarily deposited. The demand for interest and penalty was deemed unsustainable in law due to violation of natural justice principles. Case-Laws GST Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763546