https://www.taxtmi.com/caselaws?id=253 The Tribunal upheld the penalty of Rs. One lakh under Section 76 of the Finance Act, 1994, for delayed payment of service tax, as the appellants failed to demonstrate sufficient cause under Section 80. Additionally, the Tribunal limited the penalty under Section 77 to Rs. 2,000/- for delayed filing of returns, aligning with historical penalty amounts. The appellants' appeal was disposed of, affirming the penalties imposed by the adjudicating authority. en-us Wed, 15 Jun 2005 00:00:00 +0530 Mon, 13 May 2024 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253 The Tribunal upheld the penalty of Rs. One lakh under Section 76 of the Finance Act, 1994, for delayed payment of service tax, as the appellants failed to demonstrate sufficient cause under Section 80. Additionally, the Tribunal limited the penalty under Section 77 to Rs. 2,000/- for delayed filing of returns, aligning with historical penalty amounts. The appellants' appeal was disposed of, affirming the penalties imposed by the adjudicating authority. Case-Laws Service Tax Wed, 15 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253