Case law

[Balasubramanian Natarajan]

I would like to know whether any Higher Forum such as Hon. High Cout or Hon.Supreme Court has rendered any Judgment: 1.Striking down Section 76 of the  Finance Act, 1994 Fully or Partly 2.Any Judgement of higher Forum Such as HC/SC on Section 76 of the  Finance Act, particularly holding that Section 76 and Section 78 of the Finance Act, 1994 are mutually exclusive Shall be grateful to hae Ciatations on this

AI Summary

Clarification on Section 76 of the Finance Act, 1994: Recent amendment bars simultaneous penalties with Section 78, suggesting retrospective application. An individual inquired about any judgments from higher courts regarding Section 76 of the Finance Act, 1994, specifically whether it had been struck down or deemed mutually exclusive with Section 78. Three responses were provided. One suggested searching legal databases for relevant case law. Another noted no such decision existed but mentioned a recent amendment clarifying that penalties under both sections cannot be imposed simultaneously, suggesting it should apply retrospectively. The third response highlighted the amendment's addition to Section 78, stating penalties under Section 76 would not apply if penalties under Section 78 were payable.