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of <h1>CESTAT dismisses department's stay petition on penalty issue under Finance Act Section 78. Final hearing set for October.</h1> <h3>CST, Delhi-III Versus Marketing Times</h3> The Appellate Tribunal CESTAT NEW DELHI dismissed the department's stay petition concerning a technical issue affecting the penalty under Section 78 of ... Stay petition - grant of early hearing - huge Govt. revenue involved and it is a technical matter with recurring impact on levy of penalty under Section 78 of Finance Act - Held that: - Considering the facts and the submissions of both sides stay petition is dismissed and early hearing is granted. The appeal is to come up for final hearing on 14th October 2016 The Appellate Tribunal CESTAT NEW DELHI dismissed the department's stay petition regarding a technical matter with a recurring impact on levy of penalty under Section 78 of Finance Act. The appeal is set for final hearing on 14th October 2016.
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