2012 (2) TMI 179

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..... p; Per Mr. D.N. Panda:   Shri Jatin Mahajan, learned Counsel mentions on behalf of Shri Rajesh Chhibber that the Authorities have wrongly adjudicated determining assessable value including expenses incurred for providing C & F service while law was in infancy stage and Assessees were not able to preciously work out their liability for no knowledge of law.. That has resulted with the service .....

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..... vice provided following the Larger Bench decision aforesaid. Accordingly, the demand of tax and interest is confirmed.   5. So far as levy of penalty is concerned, the law was in debatable stage. It may not be improper to grant waiver of penalty imposed since the determination of assessable value was in debatable stage at the inception of law.   4. Thus, the appellant gets partial reli .....

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