https://www.taxtmi.com/caselaws?id=78349 Where tax, interest and part penalty were paid and suppression was not established, section 80 of the Finance Act, 1994 was applied to waive penalties under sections 76 and 78, as reasonable cause disentitled the Revenue from sustaining those punitive consequences. The Tribunal found no basis for those penalties and set them aside. The penalty under section 77 was treated as independent of suppression and non-filing allegations, and no ground was shown to interfere with the nominal penalty imposed under that provision. The appeal therefore succeeded only in part, with relief granted on sections 76 and 78 but not on section 77. en-us Fri, 19 Feb 2010 00:00:00 +0530 Sat, 13 Nov 2010 14:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78349 Where tax, interest and part penalty were paid and suppression was not established, section 80 of the Finance Act, 1994 was applied to waive penalties under sections 76 and 78, as reasonable cause disentitled the Revenue from sustaining those punitive consequences. The Tribunal found no basis for those penalties and set them aside. The penalty under section 77 was treated as independent of suppression and non-filing allegations, and no ground was shown to interfere with the nominal penalty imposed under that provision. The appeal therefore succeeded only in part, with relief granted on sections 76 and 78 but not on section 77. Case-Laws Service Tax Fri, 19 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78349