https://www.taxtmi.com/caselaws?id=204637 The Tribunal held that penalties imposed under Sections 76 and 77 of the Finance Act, 1994 were not justified as there was no evidence of fraudulent conduct by the appellants. The impugned order was passed beyond the statutory limitation period, rendering it invalid. Relying on legal precedents, the Tribunal set aside the penalties, allowing the appeal. en-us Fri, 06 Aug 2010 00:00:00 +0530 Mon, 05 May 2014 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204637 The Tribunal held that penalties imposed under Sections 76 and 77 of the Finance Act, 1994 were not justified as there was no evidence of fraudulent conduct by the appellants. The impugned order was passed beyond the statutory limitation period, rendering it invalid. Relying on legal precedents, the Tribunal set aside the penalties, allowing the appeal. Case-Laws Service Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204637