https://www.taxtmi.com/caselaws?id=76930 The Tribunal ruled in favor of the Revenue, reversing the waiver of penalty under Section 76 of the Finance Act, 1994, granted by the Commissioner. The Tribunal held that immunity from penalties under Sections 76 and 78 was not applicable during the material period. The penalty imposed by the Adjudicating Authority was sustained, with directions to quantify the penalty demand under Section 76. The Tribunal disposed of the stay application and appeal, rendering the Revenue's stay application ineffective. en-us Mon, 17 Aug 2009 00:00:00 +0530 Thu, 29 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76930 The Tribunal ruled in favor of the Revenue, reversing the waiver of penalty under Section 76 of the Finance Act, 1994, granted by the Commissioner. The Tribunal held that immunity from penalties under Sections 76 and 78 was not applicable during the material period. The penalty imposed by the Adjudicating Authority was sustained, with directions to quantify the penalty demand under Section 76. The Tribunal disposed of the stay application and appeal, rendering the Revenue's stay application ineffective. Case-Laws Service Tax Mon, 17 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76930