https://www.taxtmi.com/caselaws?id=148348 The Appellate Tribunal CESTAT Mumbai granted a waiver of pre-deposit of penalty and stayed the demand during the appeal process in a case concerning penalties under Sections 76 & 77 of the Finance Act, 1994. The Tribunal acknowledged the applicant's good faith belief in following guidelines and prompt corrective actions upon notification of the discrepancy in deposit deadlines. This decision was made after the Tribunal found that the applicants had established a prima facie case in their favor, emphasizing the importance of the circumstances surrounding the penalty imposition. en-us Mon, 07 Sep 2009 00:00:00 +0530 Thu, 25 Apr 2013 17:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148348 The Appellate Tribunal CESTAT Mumbai granted a waiver of pre-deposit of penalty and stayed the demand during the appeal process in a case concerning penalties under Sections 76 & 77 of the Finance Act, 1994. The Tribunal acknowledged the applicant's good faith belief in following guidelines and prompt corrective actions upon notification of the discrepancy in deposit deadlines. This decision was made after the Tribunal found that the applicants had established a prima facie case in their favor, emphasizing the importance of the circumstances surrounding the penalty imposition. Case-Laws Service Tax Mon, 07 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148348