https://www.taxtmi.com/caselaws?id=331783 The appeal involved a discrepancy in taxable values between ST-3 returns and the balance sheet, leading to penalty imposition under sections 78 and 76 of the Finance Act. The appellant contested the demand, paid with interest, and presented reconciliation statements during adjudication. The Commissioner (A) separately rejected the appellant's appeal and enhanced penalties for Revenue. The Hon'ble Ms. Archana Wadhwa found the discrepancies were unintentional, leading to the set-aside of penalties. The judgment upheld the demand payment with interest but overturned the penalties, allowing both appeals. en-us Wed, 24 Aug 2016 00:00:00 +0530 Thu, 13 Apr 2017 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331783 The appeal involved a discrepancy in taxable values between ST-3 returns and the balance sheet, leading to penalty imposition under sections 78 and 76 of the Finance Act. The appellant contested the demand, paid with interest, and presented reconciliation statements during adjudication. The Commissioner (A) separately rejected the appellant's appeal and enhanced penalties for Revenue. The Hon'ble Ms. Archana Wadhwa found the discrepancies were unintentional, leading to the set-aside of penalties. The judgment upheld the demand payment with interest but overturned the penalties, allowing both appeals. Case-Laws Service Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331783