TMI BlogPenalty Overturned: Differing Views on Area-Based Exemption Under Central Excise Lead to No Mala Fide Breach.Penalty - Area based exemption - when there are divergent views of the higher authorities on the issue and assessees act on the basis of said views, therefore cannot be held guilty for mala fide breach – penalty set aside - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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