https://www.taxtmi.com/caselaws?id=2866 The penalty provisions under the Finance Act, read with the saving provision in Section 80, were understood as permitting reduction of penalty in appropriate cases. Where the Tribunal exercises that discretion on the facts and circumstances of the record and the reduction is not shown to be arbitrary, appellate interference is unwarranted. The High Court noted that the Tribunal had reduced the penalty after considering the record, and no independent question of law survived for interference. en-us Fri, 30 Nov 2007 00:00:00 +0530 Wed, 30 Aug 2017 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2866 The penalty provisions under the Finance Act, read with the saving provision in Section 80, were understood as permitting reduction of penalty in appropriate cases. Where the Tribunal exercises that discretion on the facts and circumstances of the record and the reduction is not shown to be arbitrary, appellate interference is unwarranted. The High Court noted that the Tribunal had reduced the penalty after considering the record, and no independent question of law survived for interference. Case-Laws Service Tax Fri, 30 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2866