https://www.taxtmi.com/caselaws?id=780551 CESTAT (Allahabad) - AT affirmed the impugned order and dismissed the revenue appeal, holding that penalty under Section 114A of the CA, 1962 cannot be imposed on interest where the statutory text uses "or" rather than "and." The bench rejected Revenue's reliance on the departmental circular requiring penalty on duty and interest, following the principle laid down by the Karnataka HC and earlier Tribunal precedent that penalty relates to either duty or interest, not both. en-us Wed, 01 Oct 2025 00:00:00 +0530 Sat, 01 Nov 2025 08:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780551 CESTAT (Allahabad) - AT affirmed the impugned order and dismissed the revenue appeal, holding that penalty under Section 114A of the CA, 1962 cannot be imposed on interest where the statutory text uses "or" rather than "and." The bench rejected Revenue's reliance on the departmental circular requiring penalty on duty and interest, following the principle laid down by the Karnataka HC and earlier Tribunal precedent that penalty relates to either duty or interest, not both. Case-Laws Customs Wed, 01 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780551