https://www.taxtmi.com/caselaws?id=78110 Suppression of the value of taxable services was established where the declared figures were lower than the amounts actually received and the correct records were available from multi system operators; on that basis, penalty under section 78 of the Finance Act, 1994 was warranted, though reduced in light of the facts and circumstances. The separate penalty under section 76 was not maintained because the overall penalty burden was considered harsh and leniency was called for. Service tax demand and interest were sustained. en-us Thu, 04 Mar 2010 00:00:00 +0530 Wed, 09 Feb 2011 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78110 Suppression of the value of taxable services was established where the declared figures were lower than the amounts actually received and the correct records were available from multi system operators; on that basis, penalty under section 78 of the Finance Act, 1994 was warranted, though reduced in light of the facts and circumstances. The separate penalty under section 76 was not maintained because the overall penalty burden was considered harsh and leniency was called for. Service tax demand and interest were sustained. Case-Laws Service Tax Thu, 04 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78110