https://www.taxtmi.com/caselaws?id=206378 The Tribunal upheld the decision to reduce the penalty under Section 76 of the Finance Act, 1994 to Rs. 8000 by the Commissioner (Appeals). The Tribunal rejected the Revenue's appeal, citing the precedent set by the Hon'ble High Court that the penalty cannot be reduced below the prescribed amount of Rs. 22,200. The cross objection filed by the respondent was deemed invalid as it was submitted after the specified time limit, leading to the Tribunal allowing the Revenue's appeal and dismissing the respondent's cross objection. en-us Fri, 12 Aug 2011 00:00:00 +0530 Sun, 30 Oct 2011 22:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206378 The Tribunal upheld the decision to reduce the penalty under Section 76 of the Finance Act, 1994 to Rs. 8000 by the Commissioner (Appeals). The Tribunal rejected the Revenue's appeal, citing the precedent set by the Hon'ble High Court that the penalty cannot be reduced below the prescribed amount of Rs. 22,200. The cross objection filed by the respondent was deemed invalid as it was submitted after the specified time limit, leading to the Tribunal allowing the Revenue's appeal and dismissing the respondent's cross objection. Case-Laws Service Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206378