CESTAT upholds service tax, waives penalties under Sec 76 & 78, imposes Rs. 5000 penalty each under Sec 77

The Appellate Tribunal CESTAT NEW DELHI confirmed the levy of service tax but waived penalties under Section 76 and 78 of the Finance Act, 1994. Instead, imposed a penalty of Rs. 5000 each under Section 77 for non-compliance. The appeals were allowed accordingly.

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The Appellate Tribunal CESTAT NEW DELHI confirmed the levy of service tax but waived penalties under Section 76 and 78 of the Finance Act, 1994. Instead, imposed a penalty of Rs. 5000 each under Section 77 for non-compliance. The appeals were allowed accordingly.

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