https://www.taxtmi.com/caselaws?id=263969 The Court upheld the Tribunal's decision to waive penalties under Sections 76, 77, and 78 of the Finance Act, 1994, based on the assessee proving a reasonable cause as per Section 80. The Tribunal's authority to set aside penalties in cases of reasonable cause was affirmed, emphasizing adherence to previous decisions. The Court dismissed the appeals, affirming the Tribunal's decision to waive penalties due to the specific circumstances and application of Section 80, with no legal grounds for interference. en-us Wed, 22 Apr 2015 00:00:00 +0530 Thu, 15 Oct 2015 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263969 The Court upheld the Tribunal's decision to waive penalties under Sections 76, 77, and 78 of the Finance Act, 1994, based on the assessee proving a reasonable cause as per Section 80. The Tribunal's authority to set aside penalties in cases of reasonable cause was affirmed, emphasizing adherence to previous decisions. The Court dismissed the appeals, affirming the Tribunal's decision to waive penalties due to the specific circumstances and application of Section 80, with no legal grounds for interference. Case-Laws Service Tax Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263969