https://www.taxtmi.com/caselaws?id=218114 The Appellate Tribunal CESTAT, BANGALORE set aside penalties imposed by the revisionary authority under Sections 76 & 78 of the Finance Act, 1994, denying the benefit of Section 80 granted by the original authority to the assessee. The Tribunal held that the revisionary authority erred in not considering valid grounds for granting the benefit of Section 80, emphasizing the importance of respecting original authority decisions when sufficient cause for non-payment is established. The appeal was allowed, overturning the penalties imposed by the revisionary authority. en-us Mon, 17 Sep 2012 00:00:00 +0530 Mon, 01 Aug 2016 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218114 The Appellate Tribunal CESTAT, BANGALORE set aside penalties imposed by the revisionary authority under Sections 76 & 78 of the Finance Act, 1994, denying the benefit of Section 80 granted by the original authority to the assessee. The Tribunal held that the revisionary authority erred in not considering valid grounds for granting the benefit of Section 80, emphasizing the importance of respecting original authority decisions when sufficient cause for non-payment is established. The appeal was allowed, overturning the penalties imposed by the revisionary authority. Case-Laws Service Tax Mon, 17 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218114