https://www.taxtmi.com/caselaws?id=331820 The appeal regarding the waiver of penalty under Section 78 of the Finance Act, 1994 was partly allowed. The penalty amount imposed under Section 78 was reduced to 25% of the original penalty imposed, considering the appellant's bonafide actions in discharging the entire tax liability with interest. The appeal resulted in a modification of the impugned order in favor of the appellant. en-us Mon, 04 Jul 2016 00:00:00 +0530 Fri, 02 Sep 2016 14:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331820 The appeal regarding the waiver of penalty under Section 78 of the Finance Act, 1994 was partly allowed. The penalty amount imposed under Section 78 was reduced to 25% of the original penalty imposed, considering the appellant's bonafide actions in discharging the entire tax liability with interest. The appeal resulted in a modification of the impugned order in favor of the appellant. Case-Laws Central Excise Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331820