https://www.taxtmi.com/caselaws?id=95490 The Tribunal allowed Revenue's appeal against the order-in-appeal reducing penalties under Section 77 of the Finance Act, 1994. The Commissioner (Appeals) had reduced penalties imposed on respondents for delayed filing of quarterly returns. The Tribunal found the reduction unjustified, stating Section 77 mandates penalties for each day of delay without discretion. The Commissioner (Appeals) was criticized for not providing reasons for the reduction. The Tribunal set aside the order and remanded the matter for a fresh decision in compliance with the law, directing reconsideration of penalties in accordance with Section 77. en-us Wed, 07 Feb 2001 00:00:00 +0530 Mon, 12 Dec 2011 18:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95490 The Tribunal allowed Revenue's appeal against the order-in-appeal reducing penalties under Section 77 of the Finance Act, 1994. The Commissioner (Appeals) had reduced penalties imposed on respondents for delayed filing of quarterly returns. The Tribunal found the reduction unjustified, stating Section 77 mandates penalties for each day of delay without discretion. The Commissioner (Appeals) was criticized for not providing reasons for the reduction. The Tribunal set aside the order and remanded the matter for a fresh decision in compliance with the law, directing reconsideration of penalties in accordance with Section 77. Case-Laws Central Excise Wed, 07 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95490