https://www.taxtmi.com/caselaws?id=267359 The High Court dismissed the Revenue's appeal challenging the Tribunal's decision to set aside penalties under Sections 78, 76, and 77 of the Finance Act, 1994. The Court emphasized compliance with the National Litigation Policy's monetary limit, declining to address the substantive legal issues raised in the appeal. Despite acknowledging the purpose of the appeal, the Court upheld the Policy's retrospective effect in certain cases to reduce litigation and promote efficiency. en-us Thu, 25 Jun 2015 00:00:00 +0530 Wed, 13 Jan 2016 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267359 The High Court dismissed the Revenue's appeal challenging the Tribunal's decision to set aside penalties under Sections 78, 76, and 77 of the Finance Act, 1994. The Court emphasized compliance with the National Litigation Policy's monetary limit, declining to address the substantive legal issues raised in the appeal. Despite acknowledging the purpose of the appeal, the Court upheld the Policy's retrospective effect in certain cases to reduce litigation and promote efficiency. Case-Laws Service Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267359