https://www.taxtmi.com/caselaws?id=128144 The Tribunal clarified that penalties under Sections 76 and 78 of the Finance Act, 1994 are mutually exclusive. In this case, penalties imposed under both sections were deemed inappropriate. The Tribunal directed the appellant to deposit Rs. 40,000 within six weeks to waive the pre-deposit of the remaining penalties. Failure to comply would result in dismissal of the appeal. en-us Mon, 16 Apr 2007 00:00:00 +0530 Fri, 29 Mar 2013 14:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128144 The Tribunal clarified that penalties under Sections 76 and 78 of the Finance Act, 1994 are mutually exclusive. In this case, penalties imposed under both sections were deemed inappropriate. The Tribunal directed the appellant to deposit Rs. 40,000 within six weeks to waive the pre-deposit of the remaining penalties. Failure to comply would result in dismissal of the appeal. Case-Laws Service Tax Mon, 16 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128144