https://www.taxtmi.com/caselaws?id=570 The Tribunal upheld the lower authorities' decision on the violation but exercised discretion to reduce penalties imposed under Sections 76 and 79 of the Finance Act from Rs. 50,000 to Rs. 10,000 and from Rs. 14,000 to Rs. 5,000, respectively. The Tribunal considered the appellant's arguments regarding bona fide belief for non-inclusion of amounts while paying service tax and the discretionary nature of penalties under Section 76. The appeal was disposed of with the penalties reduced in the interest of justice. en-us Tue, 25 Apr 2006 00:00:00 +0530 Sun, 13 Apr 2008 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=570 The Tribunal upheld the lower authorities' decision on the violation but exercised discretion to reduce penalties imposed under Sections 76 and 79 of the Finance Act from Rs. 50,000 to Rs. 10,000 and from Rs. 14,000 to Rs. 5,000, respectively. The Tribunal considered the appellant's arguments regarding bona fide belief for non-inclusion of amounts while paying service tax and the discretionary nature of penalties under Section 76. The appeal was disposed of with the penalties reduced in the interest of justice. Case-Laws Service Tax Tue, 25 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=570