Authority's Jurisdiction to Reduce Penalty u/s 78 Upheld; Revenue's Argument Deemed Illegal.

Authority's Jurisdiction to Reduce Penalty u/s 78 Upheld; Revenue's Argument Deemed Illegal. https://www.taxtmi.com/highlights?id=18220 Penalty u/s 78 - the contention of the Revenue that the authority has no jurisdiction to reduce the penalty to 25% is ex facie illegal and contrary to the statutory provision. - HC en-us Fri, 18 Apr 2014 16:29:29 +0530 Fri, 18 Apr 2014 16:29:29 +0530 TaxTMI RSS Generator Authority's Jurisdiction to Reduce Penalty u/s 78 Upheld; Revenue's Argument Deemed Illegal. https://www.taxtmi.com/highlights?id=18220 Penalty u/s 78 - the contention of the Revenue that the authority has no jurisdiction to reduce the penalty to 25% is ex facie illegal and contrary to the statutory provision. - HC Highlights Service Tax Fri, 18 Apr 2014 16:29:29 +0530 https://www.taxtmi.com/highlights?id=18220