https://www.taxtmi.com/caselaws?id=76066 The appeal challenged penalties under sections 76 and 78 of the Finance Act, 1994 for suppressing taxable service receipts. The adjudicating authority upheld the penalties, but the appellants argued against simultaneous imposition of penalties under both sections. The court found penalties under sections 76 and 78 to be mutually exclusive and reduced the penalty under section 78 to 25% of the tax amount due to timely payment before the show-cause notice. The judgment partially allowed the appeal, setting aside the penalty under section 76 and reducing the penalty under section 78 accordingly. en-us Wed, 18 Nov 2009 00:00:00 +0530 Mon, 29 Apr 2013 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76066 The appeal challenged penalties under sections 76 and 78 of the Finance Act, 1994 for suppressing taxable service receipts. The adjudicating authority upheld the penalties, but the appellants argued against simultaneous imposition of penalties under both sections. The court found penalties under sections 76 and 78 to be mutually exclusive and reduced the penalty under section 78 to 25% of the tax amount due to timely payment before the show-cause notice. The judgment partially allowed the appeal, setting aside the penalty under section 76 and reducing the penalty under section 78 accordingly. Case-Laws Service Tax Wed, 18 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76066