https://www.taxtmi.com/caselaws?id=331931 The appeals were allowed as the penalty imposed under Section 77(2) of the Finance Act for failure to submit records as per Rule 5(2) of the Finance Act, 1994, was found unjustifiable. The judicial member determined that the show cause notice was vague and lacked evidence of non-compliance by the appellants within the prescribed timeline. Additionally, the absence of findings on the applicability of Rule 5(3) and the lack of concrete proof after a ten-year delay led to the cancellation of the penalty, providing relief to the appellants. en-us Fri, 08 Jul 2016 00:00:00 +0530 Fri, 07 Apr 2017 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331931 The appeals were allowed as the penalty imposed under Section 77(2) of the Finance Act for failure to submit records as per Rule 5(2) of the Finance Act, 1994, was found unjustifiable. The judicial member determined that the show cause notice was vague and lacked evidence of non-compliance by the appellants within the prescribed timeline. Additionally, the absence of findings on the applicability of Rule 5(3) and the lack of concrete proof after a ten-year delay led to the cancellation of the penalty, providing relief to the appellants. Case-Laws Service Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331931