https://www.taxtmi.com/highlights?id=87847 HC upheld the Tribunal's discretionary power in reducing pre-deposit penalty to 20% under Section 19(1)'s second proviso. The court affirmed that when legislative discretion is granted to an authority, its exercise depends solely on the authority's satisfaction and opinion. The Tribunal's decision was deemed procedurally correct, balancing potential undue hardship against penalty realization. The HC concluded that appellate forums cannot scrutinize the merits of the Tribunal's discretionary decision, thus declining to intervene in the original order. en-us Tue, 29 Apr 2025 08:33:05 +0530 Tue, 29 Apr 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87847 HC upheld the Tribunal's discretionary power in reducing pre-deposit penalty to 20% under Section 19(1)'s second proviso. The court affirmed that when legislative discretion is granted to an authority, its exercise depends solely on the authority's satisfaction and opinion. The Tribunal's decision was deemed procedurally correct, balancing potential undue hardship against penalty realization. The HC concluded that appellate forums cannot scrutinize the merits of the Tribunal's discretionary decision, thus declining to intervene in the original order. Highlights FEMA Tue, 29 Apr 2025 08:33:05 +0530 https://www.taxtmi.com/highlights?id=87847