TaxTMI 
TaxTMI 
2015 (1) TMI 1206
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....r (J),J. For the Appellant : Mr Pakshi Rajan, AR For the Respondents : Mr S Loknath, Adv. & Mr T V Ajayan, Adv. ORDER Per: Archana Wadhwa: All the three appeals filed by the Revenue are being disposed of by a common order as the issue involved in identical. After hearing both sides it is seen that the original adjudicating authority confirmed the demand of duty along with interest on some le....
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....Bang)]. Hence the present appeals by the Revenue. 3. Apart from noticing that the amount involved in the present appeals is less than Rs. 5,00,000/-, in which case the Tribunal has an option to admit or not to admit the appeal, I find that the issue i.e. whether penalty under Section 114A may be equivalent to the duty or interest stands decided by the Tribunal in the relied upon decision, referr....
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....on who is liable to pay the duty or interest, as the case may be, as determined under [sub-section (8) of section 28] shall also be liable to pay a penalty equal to the duty or interest so determined." As seen from above, the said section is applicable to a person who is liable to pay the duty 'OR' interest as the case may be, who shall be liable to penalty equal to the duty or interest so de....