NAA: Penalty cannot be imposed for violation of anti-profiteering provisions u/s 171

NAA orders withdrawal of notice issued for imposition of penalty and quashed the penalty proceedings in anti-profiteering proceedings launched against the Respondent Harish Bakers for not passing on the benefit of reduced rate of tax of 28% to 18% to its customers on Nestle Munch & Cadbury Dairy Milk Chocolate; Observes that specific penalty provisions were introduced for Section 171(1) violation w.e.f. January 1, 2020 by inserting Section 171(3A) whereas no penalty provi...