https://www.taxtmi.com/caselaws?id=250105 The Tribunal upheld the penalty imposed under Section 78 of the Finance Act 1994 against the appellant for taking excess credit beyond permissible limits, deeming it a deliberate act to evade tax obligations. Rejecting the appellant's arguments on the timing of the show-cause notice and penalty provisions, the Tribunal emphasized the importance of statutory provisions in maintaining tax compliance and deterring intentional evasion. The appeal was dismissed, affirming the penalty under Section 78 and underscoring the consequences of non-compliance with tax laws. en-us Fri, 14 Mar 2014 00:00:00 +0530 Fri, 03 Jul 2015 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250105 The Tribunal upheld the penalty imposed under Section 78 of the Finance Act 1994 against the appellant for taking excess credit beyond permissible limits, deeming it a deliberate act to evade tax obligations. Rejecting the appellant's arguments on the timing of the show-cause notice and penalty provisions, the Tribunal emphasized the importance of statutory provisions in maintaining tax compliance and deterring intentional evasion. The appeal was dismissed, affirming the penalty under Section 78 and underscoring the consequences of non-compliance with tax laws. Case-Laws Service Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250105