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of <h1>Appeal granted against penalty under Finance Act Section 76. Tribunal rules in favor of appellant.</h1> The appellant successfully appealed against the order enhancing penalty under Section 76 of the Finance Act. The Tribunal ruled that the penalty was not ... Penalty imposed under Section 76 of Finance Act was enhanced by order in revision passed by the Commissioner - Tribunal has set aside the penalty, in view of the amnesty scheme introduced by the Revenue - As the Tribunal in the Final Order found that it is not a case for imposition of penalty, therefore, the enhancement of penalty in the revision order is also not sustainable hence set aside – assessee’s appeal is allowed The appellant appealed against the order enhancing penalty under Section 76 of Finance Act. The Tribunal set aside the penalty as it was not a case for imposition of penalty. The enhancement of penalty in the revision order was also set aside. Appeal allowed.
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