Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Penalty u/s 11AC - Section 11AC of Central Excise Act is not...
Penalty u/s 11AC of Central Excise Act Requires Specific Conditions for Non-Payment or Short-Payment of Duty.
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Central ExciseDecember 31, 2013Case LawsAT
Penalty u/s 11AC - Section 11AC of Central Excise Act is not applicable to every case of non-payment or short-payment of duty - Conditions mentioned in Section 11AC should exist for imposition of penalty thereunder - AT