https://www.taxtmi.com/caselaws?id=2779 Penalty under Section 76 of the Finance Act, 1994 cannot be enhanced mechanically by relying only on the statutory minimum where the adjudicating authority has exercised discretion and given reasons for a lower penalty. The enhancement order was invalid because it recorded no independent reasons and ignored the basis on which the original authority fixed penalty at Rs. 1,000. The earlier discretionary penalty was therefore protected, and the enhancement was set aside. en-us Tue, 06 Nov 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2779 Penalty under Section 76 of the Finance Act, 1994 cannot be enhanced mechanically by relying only on the statutory minimum where the adjudicating authority has exercised discretion and given reasons for a lower penalty. The enhancement order was invalid because it recorded no independent reasons and ignored the basis on which the original authority fixed penalty at Rs. 1,000. The earlier discretionary penalty was therefore protected, and the enhancement was set aside. Case-Laws Service Tax Tue, 06 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2779