https://www.taxtmi.com/caselaws?id=256 The tribunal upheld penalties imposed on a Customs House Agent for delayed service tax payment and filing returns from 1998 to 2001 under Sections 76 & 77 of the Finance Act, 1994. The agent's plea of a financial crisis as a reason for delay was rejected, with the tribunal emphasizing that financial difficulties did not justify non-compliance. The tribunal affirmed that statutory penalties were fixed and not subject to discretion, dismissing the appeal and upholding the penalties based on the circumstances presented. en-us Thu, 16 Jun 2005 00:00:00 +0530 Thu, 09 Feb 2017 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256 The tribunal upheld penalties imposed on a Customs House Agent for delayed service tax payment and filing returns from 1998 to 2001 under Sections 76 & 77 of the Finance Act, 1994. The agent's plea of a financial crisis as a reason for delay was rejected, with the tribunal emphasizing that financial difficulties did not justify non-compliance. The tribunal affirmed that statutory penalties were fixed and not subject to discretion, dismissing the appeal and upholding the penalties based on the circumstances presented. Case-Laws Service Tax Thu, 16 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256