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Relief to Indian Oil Corporation: CESTAT deletes Penalty for alleged Excise Duty [Read Order]

By Yogitha S. Yogesh - On June 23, 2022 9:30 pm

In a significant ruling, in favour of Indian Oil Corporation, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that in absence of violation of the rule to evade tax will not invoke penalty under Rule 173Q and quashed the penalty. The Appellant appealed before the Supreme Court against…

INDIAN OIL CORPORATION LTD vs C.C.E. & S.T

Counsel for Appellant:   Shri. Chandan Kumar

Counsel for Respondent:   Shri. P.R.V. Raman

CITATION:   2022 TAXSCAN (CESTAT) 343