https://www.taxtmi.com/caselaws?id=211409 The Tribunal upheld the reduction in penalty under Section 78, rejected the imposition of penalty under Section 76, and found no willful suppression of facts by the assessee. The judgment emphasized the importance of prompt compliance with tax obligations upon notification to avoid penalties under multiple sections of the Finance Act, 1994. en-us Tue, 19 Jul 2011 00:00:00 +0530 Thu, 23 Feb 2012 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211409 The Tribunal upheld the reduction in penalty under Section 78, rejected the imposition of penalty under Section 76, and found no willful suppression of facts by the assessee. The judgment emphasized the importance of prompt compliance with tax obligations upon notification to avoid penalties under multiple sections of the Finance Act, 1994. Case-Laws Service Tax Tue, 19 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211409