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Penalty cannot be imposed for admitted tax liability if merits of case are in favour of Assessee
Case Law Details
- Case Name
- Atul Ltd. Vs Commissioner of Central Excise, Surat (CESTAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Ahmedabad
CESTAT, AHMEDABAD BENCH
Atul Ltd.
versus
Commissioner of Central Excise, Surat
ORDER NOS. A/1378/WZB/AHD. OF 2012 & S/1962/WZB/AHD. OF 2012
APPLICATION NO. E/S/834 OF 2012†
APPEAL NO. E/546 OF 2012
SEPTEMBER 7, 2012
ORDER
1. This Stay Petition is filed for waiver of pre-deposit of an amount of CENVAT Credit sought to be reversed by the Revenue along with interest and equal amount of penalty imposed.
2. After hearing both sides for some time, I find that the appellant has already reversed the CENVAT Credit as it was pointed out by the audit party and has filed Stay Petition for waiver of ...
