Penalty Imposed on Assessee Despite Revenue-Neutral Situation and Pre-SCN Payment, Upheld by High Court u/s 11-AC.

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....Imposition of penalty - revenue neutral situation - assessee paid the tax demand along with interest prior to the issuance of SCN itself - The penalty is imposable u/s 11-AC is a finding of fact arrived at by all the Authorities - penalty confirmed. - HC....