https://www.taxtmi.com/caselaws?id=2255 The Commissioner upheld the penalty on the appellant as per Section 76 of the Finance Act, 1994, following the interpretation provided by the Larger Bench of the Tribunal. The Tribunal clarified that the penalty for non-compliance should not be less than Rs. 100 per day but could extend to Rs. 200 for each day of delay. The appellant's failure to challenge the original penalty order indicated acceptance of the penalty under Section 76, leading to the dismissal of the appeal. The case emphasizes the importance of timely compliance with tax obligations and adherence to statutory provisions to avoid penalties and legal consequences. en-us Wed, 06 Dec 2006 00:00:00 +0530 Thu, 13 Mar 2014 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2255 The Commissioner upheld the penalty on the appellant as per Section 76 of the Finance Act, 1994, following the interpretation provided by the Larger Bench of the Tribunal. The Tribunal clarified that the penalty for non-compliance should not be less than Rs. 100 per day but could extend to Rs. 200 for each day of delay. The appellant's failure to challenge the original penalty order indicated acceptance of the penalty under Section 76, leading to the dismissal of the appeal. The case emphasizes the importance of timely compliance with tax obligations and adherence to statutory provisions to avoid penalties and legal consequences. Case-Laws Service Tax Wed, 06 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2255