TMI Blog2005 (4) TMI 56X X X X Extracts X X X X X X X X Extracts X X X X ..... l has power to reduce penalty under Section 11AC - Supreme Court does not not interfer with the order of Tribunal where Tribunal held that this was not a fit case for imposition of penalty equivalent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the Tribunal has power to reduce penalty under Section 11AC. The Tribunal has held that this was not a fit case for imposition of penalty equivalent to the amount of duty and has reduced penalty to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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