2025 (8) TMI 110

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....JITENDRA JAIN, JJ. For the Appellant: Mr. Karan Adik a/w, Ms Niyati Mankad (VC) and Ms. Priyanka Wagh,. For the Respondent: Mr Anil Balani (VC),. PC:- 1. Heard Mr. Adik, learned counsel for the Appellants in all these appeals and Mr. Balani, learned counsel for the Respondents. 2. Custom Appeal No.50 of 2024 is not on board, but the same is taken on board with the consent of the learned co....

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....rring nature would not be covered by the aforesaid instructions. 5. However, in all these appeals, the challenge is to the Tribunal's orders quashing the penalties imposed on the Respondent-assessee. There is no formal direction for refund of the penalty amounts that might have been paid by the Respondent-assessees, though this would be the logical consequence in the absence of any provision to t....

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....refunding the quashed penalty amount. 7. Therefore, these appeals are impacted by instructions dated 2 November 2023 and will have to be disposed of on the grounds of the monetary benefits coupled with a policy of the appellants not to pursue such appeals. 8. However, the questions of law raised in these appeals are expressly left open. Disposal of these appeals on grounds of monetary limits may....