2011 (4) TMI 53

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.....I.   The revenue has approached this Court on the following question:-   "Whether quantum of penalty under Section 11AC is discretionary or mandatory in nature." Appeal was filed on 13.5.2008. Subsequent to that, the Supreme Court in Union of India vs. Dharamendra Textile Processors, 2008-JT-11-255 has held that the provision is mandatory.   The learned counsel, however, s....