https://www.taxtmi.com/caselaws?id=205019 The Hon'ble Gujarat High Court set aside the Tribunal's decision in a case involving penalty reduction under Section 76 of the Finance Act, 1994, for delayed service tax payment by a maintenance and repair services company. The Court directed a fresh decision based on precedent. The Tribunal restored and increased the penalty from Rs. 41,000 to Rs. 1,30,860, as the company failed to justify the delay or utilize Section 80 for penalty reduction. The Revenue's appeal was upheld, and the company's cross objection was dismissed. en-us Fri, 29 Jul 2011 00:00:00 +0530 Thu, 22 Aug 2013 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205019 The Hon'ble Gujarat High Court set aside the Tribunal's decision in a case involving penalty reduction under Section 76 of the Finance Act, 1994, for delayed service tax payment by a maintenance and repair services company. The Court directed a fresh decision based on precedent. The Tribunal restored and increased the penalty from Rs. 41,000 to Rs. 1,30,860, as the company failed to justify the delay or utilize Section 80 for penalty reduction. The Revenue's appeal was upheld, and the company's cross objection was dismissed. Case-Laws Central Excise Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205019