CESTAT Chennai Upholds Penalty under Section 76, Revokes Penalty under Section 78 for Late Tax Payment tax

The Appellate Tribunal CESTAT, Chennai upheld the penalty under section 76 but set aside the penalty under section 78 for delay in service tax payment. The appellants did not dispute the tax liability, and the penalty of Rs. 39,463 under section 78 was revoked.

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The Appellate Tribunal CESTAT, Chennai upheld penalty under section 76 but set aside penalty under section 78 for delay in service tax payment. The appellants did not dispute the tax liability. The penalty of Rs. 39,463 under section 78 was revoked.

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