2015 (5) TMI 985

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..... issued invoices to the traders without actually supplying the goods - Held that:- In the same investigation, the penalty on the co-noticee have been reduced by this Tribunal therefore, it cannot be said that in this case penalty cannot be reduced, therefore, following the precedent decision, in the case of Adhunik Steel Ltd. and M/s. Tata Steel [2015 (12) TMI 1053 - CESTAT NEW DELHI], the penalty .....

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..... 014 and prayed that penalties have been imposed on the appellant from same investigation, therefore, penalty be reduced as in those case the penalties were reduced. 2. On the other hand, learned AR objected to the contention of the learned Counsel and submits that in the case of Ragini Steels(P) Ltd. {[2015] 56 taxman.com 324 (P&H)}, the Hon ble High Court has held that Tribunal cannot observing .....

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