High Court Rules Interest Cannot Be Waived Despite Duty Payment; Penalty Waiver u/s 11AC Upheld.

Penalty u/s 11AC - Interest u/s 11AB - Suppression of facts - Tribunal set aside the interest solely on the ground that the duty was paid prior to the show cause notice. - Interest cannot be waived - however penalty waiver is correct - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X