https://www.taxtmi.com/caselaws?id=240824 The appellate tribunal allowed the appeal, setting aside the penalty imposed under Section 76 of the Finance Act, 1994 for a 6-day delay in filing the return. The tribunal found the revisional authority's decision unreasonable and unsustainable, emphasizing the appellant's mitigating factors of financial crisis and the period predating a tax-friendly scheme. It held that Section 80 was not invoked by the adjudicating authority, rendering the revisional authority's introduction of new grounds for penalty imposition unjustified. The tribunal considered the appellant's circumstances and mitigating factors, leading to the appeal's success without the need for pre-deposit. en-us Tue, 20 Dec 2011 00:00:00 +0530 Thu, 12 Dec 2013 09:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240824 The appellate tribunal allowed the appeal, setting aside the penalty imposed under Section 76 of the Finance Act, 1994 for a 6-day delay in filing the return. The tribunal found the revisional authority's decision unreasonable and unsustainable, emphasizing the appellant's mitigating factors of financial crisis and the period predating a tax-friendly scheme. It held that Section 80 was not invoked by the adjudicating authority, rendering the revisional authority's introduction of new grounds for penalty imposition unjustified. The tribunal considered the appellant's circumstances and mitigating factors, leading to the appeal's success without the need for pre-deposit. Case-Laws Service Tax Tue, 20 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240824