https://www.taxtmi.com/caselaws?id=254113 The Tribunal rejected the Revenue's appeal regarding penalties under Sections 76 and 78 of the Finance Act, 1994, holding that if a penalty under Section 78 had been imposed, penalty under Section 76 would not apply. The appellants were found to have willfully evaded service tax, justifying the imposition of penalty under Section 78, but were granted the option to pay a reduced penalty of 25% within 30 days. The appellants could avail of the reduced penalty if paid within the specified timeframe and fulfilled the conditions outlined in the judgment. en-us Fri, 29 Aug 2014 00:00:00 +0530 Fri, 04 Sep 2015 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254113 The Tribunal rejected the Revenue's appeal regarding penalties under Sections 76 and 78 of the Finance Act, 1994, holding that if a penalty under Section 78 had been imposed, penalty under Section 76 would not apply. The appellants were found to have willfully evaded service tax, justifying the imposition of penalty under Section 78, but were granted the option to pay a reduced penalty of 25% within 30 days. The appellants could avail of the reduced penalty if paid within the specified timeframe and fulfilled the conditions outlined in the judgment. Case-Laws Service Tax Fri, 29 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254113