https://www.taxtmi.com/caselaws?id=175852 The Tribunal upheld the Rs. 100 per day penalty under section 76, following the precedent set by ETA Engg. Ltd. Despite repeated delays in tax payment, the appellant's compliance with tax payment and interest obligations, along with the impact of the 2004 amnesty scheme, led to a reduction in penalty from Rs. 1,12,581 to Rs. 20,000. The decision clarified penalty provisions and demonstrated a balanced approach between penalty imposition and taxpayer compliance. en-us Mon, 18 Jun 2007 00:00:00 +0530 Fri, 03 Nov 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175852 The Tribunal upheld the Rs. 100 per day penalty under section 76, following the precedent set by ETA Engg. Ltd. Despite repeated delays in tax payment, the appellant's compliance with tax payment and interest obligations, along with the impact of the 2004 amnesty scheme, led to a reduction in penalty from Rs. 1,12,581 to Rs. 20,000. The decision clarified penalty provisions and demonstrated a balanced approach between penalty imposition and taxpayer compliance. Case-Laws Central Excise Mon, 18 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175852