https://www.taxtmi.com/caselaws?id=20 The Tribunal set aside the penalty imposed on a stockbroker for delay in filing a quarterly return under Section 77 of the Finance Act, 1994, due to lack of natural justice. The Superintendent had not allowed the stockbroker to present justifications for the delay, contravening Section 80 which requires proof of reasonable cause for failure to impose a penalty. The case was remanded for re-adjudication, emphasizing due process and consideration of valid reasons for the delay in filing the return. en-us Tue, 17 Mar 1998 00:00:00 +0530 Thu, 12 May 2016 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20 The Tribunal set aside the penalty imposed on a stockbroker for delay in filing a quarterly return under Section 77 of the Finance Act, 1994, due to lack of natural justice. The Superintendent had not allowed the stockbroker to present justifications for the delay, contravening Section 80 which requires proof of reasonable cause for failure to impose a penalty. The case was remanded for re-adjudication, emphasizing due process and consideration of valid reasons for the delay in filing the return. Case-Laws Service Tax Tue, 17 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20