https://www.taxtmi.com/caselaws?id=175855 The appeal against the reduction of penalty under sections 76 and 77 of the Finance Act, 1994 was dismissed. The Judicial Member found that the Order-in-Appeal reducing the penalty to Rs. 20,000 was justified as the respondent demonstrated a reasonable cause for the delay in payment of service tax, in accordance with section 80 of the Act. The decision of the Commissioner (Appeals) to reduce the penalty amount was affirmed. en-us Fri, 09 Jan 2004 00:00:00 +0530 Mon, 07 Dec 2015 15:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175855 The appeal against the reduction of penalty under sections 76 and 77 of the Finance Act, 1994 was dismissed. The Judicial Member found that the Order-in-Appeal reducing the penalty to Rs. 20,000 was justified as the respondent demonstrated a reasonable cause for the delay in payment of service tax, in accordance with section 80 of the Act. The decision of the Commissioner (Appeals) to reduce the penalty amount was affirmed. Case-Laws Central Excise Fri, 09 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175855