No Penalty u/s 78 of Finance Act not impossible on absence of evidence relating to evasion of tax: CESTAT [Read Order]

By Antony Berli - On October 30, 2023 1:00 pm - 2 mins read

No Penalty Under Section 78 Finance Act Under Section 78 Of Finance Act - impossible on absence - absence of evidence - relating to evasion of tax - CESTAT - Excise And Customs - TAXSCAN

The New Delhi bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the penalty under section 78 of the Finance Act 1994, was impossible as there was no evidence relating to evasion of tax and allowed the appeal by Bharat Aluminium Company Ltd (The Appellant) against The Commissioner of Central Excise, Customs,…

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