https://www.taxtmi.com/caselaws?id=233783 The tribunal reduced the penalty under Section 76 of the Finance Act, 1994 to 25% of the original amount, totaling Rs. 3.18 lacs, due to financial difficulties and the absence of deliberate breach in tax deposit. The appellant was directed to pay the reduced penalty within one month. Failure to comply would lead to the confirmation of the original penalty. The appeal was disposed of following the reduction in penalty, with the judgment pronounced in open court, emphasizing the tribunal's consideration of the appellant's financial challenges and lack of intentional tax withholding. en-us Wed, 13 Feb 2013 00:00:00 +0530 Wed, 15 May 2013 12:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233783 The tribunal reduced the penalty under Section 76 of the Finance Act, 1994 to 25% of the original amount, totaling Rs. 3.18 lacs, due to financial difficulties and the absence of deliberate breach in tax deposit. The appellant was directed to pay the reduced penalty within one month. Failure to comply would lead to the confirmation of the original penalty. The appeal was disposed of following the reduction in penalty, with the judgment pronounced in open court, emphasizing the tribunal's consideration of the appellant's financial challenges and lack of intentional tax withholding. Case-Laws Service Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233783