Penalty under Excise Act on Suppression of Facts without any Valid Provision of Law Demanding it is not Tenable: Supreme Court rules in favour of Reliance Industries [Read Judgement]

By Yogitha S. Yogesh - On July 8, 2023 10:23 am - 2 mins read
Penalty under Excise Act - Penalty under Excise Act on Suppression of Facts - Suppression of Facts without any Valid Provision of Law Demanding it is not Tenable - Supreme Court - Taxscan

In the significant case of Reliance Industries, the Supreme Court of India has held that penalty under the Central Excise Act, 1944 on suppression of facts without any valid provision of law demanding it is not tenable. M/s Reliance Industries Ltd, the impugned order dated 17.03.2009 passed by the Customs, Excise & Service Tax Appellate…

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