https://www.taxtmi.com/caselaws?id=48118 The High Court dismissed the Commissioner's application seeking reference on the penalty imposed under Section 11AC of the Central Excise Act, 1944. The Court found no substantial question of law, emphasizing that the Tribunal's decision to reduce the penalty to Rs. 25,00,000 was a matter of discretion and justice, not a legal issue warranting review. The Court upheld the Tribunal's exercise of discretion in reducing the penalty amount, concluding that the matter primarily involved factual considerations. en-us Thu, 12 Jul 2007 00:00:00 +0530 Mon, 02 Aug 2010 17:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48118 The High Court dismissed the Commissioner's application seeking reference on the penalty imposed under Section 11AC of the Central Excise Act, 1944. The Court found no substantial question of law, emphasizing that the Tribunal's decision to reduce the penalty to Rs. 25,00,000 was a matter of discretion and justice, not a legal issue warranting review. The Court upheld the Tribunal's exercise of discretion in reducing the penalty amount, concluding that the matter primarily involved factual considerations. Case-Laws Central Excise Thu, 12 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48118