https://www.taxtmi.com/caselaws?id=48450 Penalty under the settlement framework requires a reasoned finding that the applicant failed to make full and true disclosure or to cooperate; in the absence of such discussion, the penalty portion is unsustainable and must be reconsidered. A separate refusal to waive interest will ordinarily stand where the order contains a specific and reasoned basis for that conclusion and no legal infirmity is shown. The text therefore highlights that each component of a settlement order must be independently supported by reasons and statutory compliance. en-us Fri, 07 Nov 2008 00:00:00 +0530 Tue, 25 Nov 2014 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48450 Penalty under the settlement framework requires a reasoned finding that the applicant failed to make full and true disclosure or to cooperate; in the absence of such discussion, the penalty portion is unsustainable and must be reconsidered. A separate refusal to waive interest will ordinarily stand where the order contains a specific and reasoned basis for that conclusion and no legal infirmity is shown. The text therefore highlights that each component of a settlement order must be independently supported by reasons and statutory compliance. Case-Laws Central Excise Fri, 07 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48450