https://www.taxtmi.com/caselaws?id=75914 The Appellate Tribunal CESTAT, Chennai upheld the reduction in penalty to Rs. 5,000 under section 76 of the Finance Act, 1994, citing precedents allowing the Commissioner (Appeals) to reduce penalties upon showing reasonable cause by the assessee. The revenue's appeal was rejected. en-us Tue, 08 Sep 2009 00:00:00 +0530 Tue, 25 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75914 The Appellate Tribunal CESTAT, Chennai upheld the reduction in penalty to Rs. 5,000 under section 76 of the Finance Act, 1994, citing precedents allowing the Commissioner (Appeals) to reduce penalties upon showing reasonable cause by the assessee. The revenue's appeal was rejected. Case-Laws Service Tax Tue, 08 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75914