TMI Blog2011 (8) TMI 387X X X X Extracts X X X X X X X X Extracts X X X X ..... erent view in this case - Hence, the impugned order is set aside and matter remanded to adjudicating authority to reconsider the issue afresh in the light of the decision rendered in the case of Bhagwati Silk Mills cited supra after following principles of natural justice - Assessee s appeal is allowed by way of remand. - E/239, 470/2011 - - - Dated:- 16-8-2011 - Mr.M.V. Ravindran, Hon ble ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lment of CENVAT Credit on fake invoices was considered by this Bench and matters remanded to adjudicating authority and prays that the ratio of said decision be followed. Ld.SDR submits that many matters as regards eligibility of CENVAT Credit on fake invoices have been remanded. 2. We take up the appeal itself for disposal as the issue lies in narrow compass after dispensing with the conditio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so in appeal against the impugned order for dropping of penalty on the Director of the company. Since we are remanding the matter of the appellant to adjudicating authority to reconsider the issue afresh, we also dispose the appeal filed by the Revenue in same way and direct the adjudicating authority to reconsider the imposition of penalty on the Director. Revenue s appeal is allowed by way of re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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