2015 (10) TMI 2160

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..... Badrinarayanan, Advocate ORDER Per: M.V. Ravindran: This appeal is directed against Order-in-Original No: 16/P-III/ ST/COMMR/2011-12 dated 17/10/2011 passed by the Commissioner of Central Excise, Pune  III and is filed by the revenue. 2. Heard both sides and perused the records. 3. The revenue is aggrieved by the impugned order on the grounds that the adjudicating authority has not i....

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....l on merits held against the appellant but reduced the demands raised by the revenue within the limitation period holding that there was no suppression of facts with intention to evade tax. He produces the said judgment of the Tribunal as reported at 2013 (32) STR 340. He submits that that the assessee has challenged the judgment in High Court. It is his submission that the adjudicating authority ....

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....he scheme of Scientific and Industrial Research organization. However the recognition of the institution as a centre for research does not automatically lead to the conclusion that the courses run by them are recognized by law. They have also submitted that their Post Graduate diploma in Banking and Finance is recognized as equivalent of a diploma issued by any of the Indian Institutes of Manageme....

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....ce matters for public sector banks and other financial institutions and also to provide proper training for personnel in such public sector institutions. In view of this position I hold that this is a fit case of exercising the powers conferred under Section 80 of the Finance Act 1994 and I refrain from imposing any penalty on the noticee." 7. It can be seen from the above reproduced paragraphs t....