Absence of reason for modification in Penalty order by tribunal will not make it Unjustifiable

It cannot be said that the order is not justified merely because it has modified the penalty on individual from Rs. 2 crores to Rs. 20 lakhs; the mitigating circumstances or a word about this aspect reflected in the order of the Tribunal could be considered as desirable but merely because there is no such thing reflecting in the order it would not make it unjustifiable. CASE LAWS DETAILS DECIDED BY: HIGH COURT OF GUJARAT, IN THE CASE OF: CCE & C Vs S. M. VIJ, APPEAL NO: Tax Appeal Nos. 221 to 223 of 2009, DECIDED ON: February 4, 2010 RELEVANT PARAGRAPH The present tax appeals have been fi...