Tribunal upholds penalty under Finance Act, restores original amount, setting aside reduced penalty. The Appellate Tribunal CESTAT, Ahmedabad, upheld the penalty under Section 76 of the Finance Act in the case of Revenue v. Respondent, restoring the ...
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Tribunal upholds penalty under Finance Act, restores original amount, setting aside reduced penalty.
The Appellate Tribunal CESTAT, Ahmedabad, upheld the penalty under Section 76 of the Finance Act in the case of Revenue v. Respondent, restoring the original penalty amount of Rs. 46,217/- and setting aside the reduced amount of Rs. 10,000/- imposed by the Commissioner (Appeals). The Tribunal determined that Section 80 of the Finance Act was not applicable, resulting in the restoration of the initial penalty amount.
The Appellate Tribunal CESTAT, Ahmedabad, in the case of Revenue vs. Respondent, upheld penalty under Section 76 of the Finance Act, restoring the original penalty amount of Rs. 46,217/- and setting aside the reduction to Rs. 10,000/ by the Commissioner (Appeals). The Tribunal found Section 80 of the Finance Act not applicable, leading to the restoration of the original penalty amount.
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