Supreme Court modifies CESTAT Order, Sets aside Penalty to the Extent of Rs. 25 Lakhs Imposed on Resort Directors [Read Judgement]

Supreme Court modifies CESTAT Order - Penalty to the Extent - Imposed on Resort Directors - TAXSCAN

In the Interest of justice, the Supreme Court made a minor adjustment to the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) order, which nullified the penalty of Rs. 25 lakhs imposed on the directors and employees of the resort. The bench of Justice S. Ravindra Bhat and Justice Aravind Kumar have meticulously examined the…

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