https://www.taxtmi.com/caselaws?id=344367 The Tribunal held that simultaneous penalties under Sections 76 and 78 of the Finance Act, 1994 were impermissible. The Appellant failed to pay Service Tax despite collecting fees, justifying the penalty equal to the evaded tax amount under Section 78. The penalties under both sections were modified, upholding the penalty under Section 78 but allowing the Appellant to pay 25% of the imposed penalty. The case emphasizes the necessity of meeting tax obligations to avoid penalties under the law. en-us Thu, 25 May 2017 00:00:00 +0530 Thu, 15 Jun 2017 08:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344367 The Tribunal held that simultaneous penalties under Sections 76 and 78 of the Finance Act, 1994 were impermissible. The Appellant failed to pay Service Tax despite collecting fees, justifying the penalty equal to the evaded tax amount under Section 78. The penalties under both sections were modified, upholding the penalty under Section 78 but allowing the Appellant to pay 25% of the imposed penalty. The case emphasizes the necessity of meeting tax obligations to avoid penalties under the law. Case-Laws Service Tax Thu, 25 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344367