https://www.taxtmi.com/caselaws?id=360861 The High Court dismissed the tax appeal challenging the imposition of simultaneous penalties under sections 76 and 78 of the Finance Act, 1994. The Court held that the proviso to Section 78 clarified that when a penalty was imposed under Section 78, no further penalty could be levied under Section 76, which covers nonpayment of tax for any reason. The Court referred to precedents and emphasized that they are bound by their previous decisions, leading to the dismissal of the department's appeal. en-us Thu, 15 Mar 2018 00:00:00 +0530 Mon, 05 Nov 2018 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360861 The High Court dismissed the tax appeal challenging the imposition of simultaneous penalties under sections 76 and 78 of the Finance Act, 1994. The Court held that the proviso to Section 78 clarified that when a penalty was imposed under Section 78, no further penalty could be levied under Section 76, which covers nonpayment of tax for any reason. The Court referred to precedents and emphasized that they are bound by their previous decisions, leading to the dismissal of the department's appeal. Case-Laws Service Tax Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360861