https://www.taxtmi.com/article/detailed?id=337 The document explains three penalty types under the Finance Act, 1994-penalties for failure to pay tax, for contraventions, and for suppression of value-and emphasizes that all are subject to a reasonable cause defence. Penalty proceedings are quasi criminal, requiring judicial discretion and typically aimed at deliberate, dishonest, or contumacious conduct rather than technical breaches. Tribunals have stressed that duplicative penalties for the same default are impermissible and that penalties must be proportionate and linked to the nature of the breach. en-us Wed, 15 Apr 2009 00:00:00 +0530 Wed, 15 Apr 2009 18:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=337 The document explains three penalty types under the Finance Act, 1994-penalties for failure to pay tax, for contraventions, and for suppression of value-and emphasizes that all are subject to a reasonable cause defence. Penalty proceedings are quasi criminal, requiring judicial discretion and typically aimed at deliberate, dishonest, or contumacious conduct rather than technical breaches. Tribunals have stressed that duplicative penalties for the same default are impermissible and that penalties must be proportionate and linked to the nature of the breach. Articles Service Tax Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=337