https://www.taxtmi.com/caselaws?id=75888 The Tribunal upheld the decision of the lower authority to reduce penalties under section 76 of the Finance Act, 1994, citing precedents and the power granted under section 80. The Revenue's appeals were rejected as the Tribunal found support for penalty reductions in various decisions from different Tribunals and High Courts. The case outcome affirmed the discretion to lower penalties under section 76 in alignment with the provisions of the law. en-us Fri, 26 Dec 2008 00:00:00 +0530 Sat, 22 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75888 The Tribunal upheld the decision of the lower authority to reduce penalties under section 76 of the Finance Act, 1994, citing precedents and the power granted under section 80. The Revenue's appeals were rejected as the Tribunal found support for penalty reductions in various decisions from different Tribunals and High Courts. The case outcome affirmed the discretion to lower penalties under section 76 in alignment with the provisions of the law. Case-Laws Service Tax Fri, 26 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75888