https://www.taxtmi.com/caselaws?id=46205 Penalty cannot be sustained where the Tribunal has found the extended period of limitation unavailable to the Revenue, set aside the duty demand, and recorded that there was no motive or gain from evasion. On those findings, the basis for penal consequences disappeared, because the penalty was inconsistent with both the limitation ruling and the absence of any evasion benefit. The Supreme Court held that the penalty was not sustainable and allowed the appeal. en-us Tue, 16 Apr 2002 00:00:00 +0530 Sat, 31 Jan 2015 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46205 Penalty cannot be sustained where the Tribunal has found the extended period of limitation unavailable to the Revenue, set aside the duty demand, and recorded that there was no motive or gain from evasion. On those findings, the basis for penal consequences disappeared, because the penalty was inconsistent with both the limitation ruling and the absence of any evasion benefit. The Supreme Court held that the penalty was not sustainable and allowed the appeal. Case-Laws Central Excise Tue, 16 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46205