https://www.taxtmi.com/caselaws?id=342210 The court held that the penalty imposed under Section 78 of the Finance Act, 1994, on a partnership firm was unwarranted as there was no willful suppression of facts and no deliberate intent to evade tax. The firm had cooperated, made full disclosure, and had no mens rea. The court quashed the penalty, ordering its refund if paid, emphasizing the necessity of mens rea for imposing penalties under Section 78. en-us Wed, 12 Apr 2017 00:00:00 +0530 Mon, 06 Nov 2017 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342210 The court held that the penalty imposed under Section 78 of the Finance Act, 1994, on a partnership firm was unwarranted as there was no willful suppression of facts and no deliberate intent to evade tax. The firm had cooperated, made full disclosure, and had no mens rea. The court quashed the penalty, ordering its refund if paid, emphasizing the necessity of mens rea for imposing penalties under Section 78. Case-Laws Service Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342210