M/S. Krishna Mobikes Vs. Cce (St), Trichy - Court Judgment |
| SooperKanoon Citation | sooperkanoon.com/941783 |
| Court | Customs Excise and Service Tax Appellate Tribunal CESTAT Chennai |
| Decided On | Oct-06-2009 |
| Case Number | S/51 of 2008 |
| Judge | THE HONOURABLE MS. JYOTI BALASUNDARAM, VICE PRESIDENT |
| Appellant | M/S. Krishna Mobikes |
| Respondent | Cce (St), Trichy |
| Advocates: | Shri T.H. Rao, SDR, for the respondent. |
Excerpt:
in this case, the assessees have obtained a certificate for full and final settlement of tax arrears under section 96 (2) of the finance act, 2008 in respect of dispute resolution scheme, 2008. the certificate is dated 31.10.2008 and grants also immunity from institution of any proceedings for imposition of penalty under the finance act, 1994, in respect of matters covered in the aforesaid declaration made by the assessees. in view of the above settlement, the penalty imposed on the appellants is set aside and the appeal is allowed.
Judgment:In this case, the assessees have obtained a certificate for full and final settlement of tax arrears under Section 96 (2) of the Finance Act, 2008 in respect of Dispute Resolution Scheme, 2008. The certificate is dated 31.10.2008 and grants also immunity from institution of any proceedings for imposition of penalty under the Finance Act, 1994, in respect of matters covered in the aforesaid declaration made by the assessees. In view of the above settlement, the penalty imposed on the appellants is set aside and the appeal is allowed.