https://www.taxtmi.com/caselaws?id=250525 The Tribunal upheld the order of the Commissioner (Appeals) rejecting the Revenue's appeal regarding the imposition of penalties under Sections 76 and 78 of the Finance Act, 1994 on manufacturers of excisable goods who had not paid service tax to their foreign commission agents. The Tribunal ruled in favor of the respondent, emphasizing that once a penalty under Section 78 was imposed and promptly rectified, there was no justification for an additional penalty under Section 76. This decision was supported by relevant legal precedents and the amendment to Section 78 prohibiting simultaneous penalties under both sections from a certain date. en-us Wed, 20 Jun 2012 00:00:00 +0530 Sun, 17 Aug 2014 09:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250525 The Tribunal upheld the order of the Commissioner (Appeals) rejecting the Revenue's appeal regarding the imposition of penalties under Sections 76 and 78 of the Finance Act, 1994 on manufacturers of excisable goods who had not paid service tax to their foreign commission agents. The Tribunal ruled in favor of the respondent, emphasizing that once a penalty under Section 78 was imposed and promptly rectified, there was no justification for an additional penalty under Section 76. This decision was supported by relevant legal precedents and the amendment to Section 78 prohibiting simultaneous penalties under both sections from a certain date. Case-Laws Service Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250525