https://www.taxtmi.com/caselaws?id=234116 The Tribunal dismissed the Revenue's appeal seeking imposition of penalties under both Sections 76 and 78 of the Finance Act, 1994 concurrently. It held that penalty under Section 76 was not warranted if penalty under Section 78 had already been imposed, citing relevant case law and the post-amendment legal framework. The decision emphasized the elimination of the practice of imposing penalties under both sections simultaneously after the 2008 amendment, affirming the Commissioner (Appeals)'s ruling and denying the Revenue's appeal. en-us Fri, 27 Jul 2012 00:00:00 +0530 Tue, 20 Jun 2017 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234116 The Tribunal dismissed the Revenue's appeal seeking imposition of penalties under both Sections 76 and 78 of the Finance Act, 1994 concurrently. It held that penalty under Section 76 was not warranted if penalty under Section 78 had already been imposed, citing relevant case law and the post-amendment legal framework. The decision emphasized the elimination of the practice of imposing penalties under both sections simultaneously after the 2008 amendment, affirming the Commissioner (Appeals)'s ruling and denying the Revenue's appeal. Case-Laws Service Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234116