https://www.taxtmi.com/caselaws?id=249463 The Tribunal held that penalties under Sections 76 and 78 of the Finance Act, 1994 cannot be imposed simultaneously as they are mutually exclusive. Following the precedent set by the Punjab and Haryana High Court, the Tribunal dismissed the Revenue's appeal, emphasizing the need to adhere to the interpretation that simultaneous penalties under these sections are not permissible. en-us Thu, 15 May 2014 00:00:00 +0530 Sat, 17 Jan 2015 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249463 The Tribunal held that penalties under Sections 76 and 78 of the Finance Act, 1994 cannot be imposed simultaneously as they are mutually exclusive. Following the precedent set by the Punjab and Haryana High Court, the Tribunal dismissed the Revenue's appeal, emphasizing the need to adhere to the interpretation that simultaneous penalties under these sections are not permissible. Case-Laws Service Tax Thu, 15 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249463