https://www.taxtmi.com/caselaws?id=76960 The Tribunal partly allowed the appeal by setting aside the penalty under Section 78 of the Finance Act, as the show-cause notice did not establish fraud or suppression of facts. The penalty under Section 76 was upheld but reduced to the minimum amount of Rs.100 per day, as ignorance of the law did not constitute a reasonable cause. The penalty under Section 77 was upheld at Rs.1,000. The decision was based on specific legal provisions and lack of evidence for penalties under Section 78, and absence of reasonable cause for the assessee's actions under Section 76. en-us Thu, 12 Nov 2009 00:00:00 +0530 Sat, 31 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76960 The Tribunal partly allowed the appeal by setting aside the penalty under Section 78 of the Finance Act, as the show-cause notice did not establish fraud or suppression of facts. The penalty under Section 76 was upheld but reduced to the minimum amount of Rs.100 per day, as ignorance of the law did not constitute a reasonable cause. The penalty under Section 77 was upheld at Rs.1,000. The decision was based on specific legal provisions and lack of evidence for penalties under Section 78, and absence of reasonable cause for the assessee's actions under Section 76. Case-Laws Service Tax Thu, 12 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76960