https://www.taxtmi.com/caselaws?id=347118 The Appellate Tribunal CESTAT HYDERABAD partially allowed the appeal by upholding the tax demand with interest but canceling the penalties imposed under Sections 77 and 78 of the Finance Act, 1944. The Tribunal accepted the turnover declared under the Voluntary Compliance Encouragement Scheme (VCES) and considered the appellant's circumstances, including the possibility of wrong advice leading to the inflated turnover, as grounds for canceling the penalties. en-us Tue, 21 Feb 2017 00:00:00 +0530 Mon, 06 Nov 2017 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347118 The Appellate Tribunal CESTAT HYDERABAD partially allowed the appeal by upholding the tax demand with interest but canceling the penalties imposed under Sections 77 and 78 of the Finance Act, 1944. The Tribunal accepted the turnover declared under the Voluntary Compliance Encouragement Scheme (VCES) and considered the appellant's circumstances, including the possibility of wrong advice leading to the inflated turnover, as grounds for canceling the penalties. Case-Laws Service Tax Tue, 21 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347118