https://www.taxtmi.com/caselaws?id=243342 The Tribunal held that penalties under Section 76 cannot be imposed when payments are made under Section 73(3) of the Finance Act, 1994. The appellant's compliance with Section 73(3) exempted them from penalty despite delays in payment. The Tribunal emphasized adherence to statutory provisions and set aside the penalty, remanding the matter for determining remaining short-paid amounts. This decision clarified the impact of timely payments on penalty imposition, highlighting the significance of procedural compliance in tax matters. en-us Fri, 03 Jan 2014 00:00:00 +0530 Wed, 10 Sep 2014 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243342 The Tribunal held that penalties under Section 76 cannot be imposed when payments are made under Section 73(3) of the Finance Act, 1994. The appellant's compliance with Section 73(3) exempted them from penalty despite delays in payment. The Tribunal emphasized adherence to statutory provisions and set aside the penalty, remanding the matter for determining remaining short-paid amounts. This decision clarified the impact of timely payments on penalty imposition, highlighting the significance of procedural compliance in tax matters. Case-Laws Service Tax Fri, 03 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243342