https://www.taxtmi.com/highlights?id=2268 Whether penalty imposed under Section 78 of the Finance Act, 1994 can be reduced to 25% by invoking the provisions of first proviso to Section 78, when the assessee has not paid 25% of the penalty amount within 30 days of the order as required under the second proviso to Section 78 ibid - Held yes.... - HC en-us Sat, 03 Dec 2011 11:46:14 +0530 Sat, 03 Dec 2011 11:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2268 Whether penalty imposed under Section 78 of the Finance Act, 1994 can be reduced to 25% by invoking the provisions of first proviso to Section 78, when the assessee has not paid 25% of the penalty amount within 30 days of the order as required under the second proviso to Section 78 ibid - Held yes.... - HC Highlights Service Tax Sat, 03 Dec 2011 11:46:14 +0530 https://www.taxtmi.com/highlights?id=2268