https://www.taxtmi.com/caselaws?id=370080 The High Court upheld the decision of the Customs, Excise & Service Tax Appellate Tribunal to quash the penalty imposed under Section 78 of the Finance Act, 1994. The Court found that the penalty was not warranted as the case did not involve fraud, collusion, wilful misstatement, suppression of facts, or contravention of the Act as required by Section 78. Consequently, the Court dismissed the appeal, ruling that no substantial question of law arose and that the Tribunal's decision was appropriate and did not warrant interference. en-us Wed, 25 Jul 2018 00:00:00 +0530 Fri, 09 Nov 2018 19:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370080 The High Court upheld the decision of the Customs, Excise & Service Tax Appellate Tribunal to quash the penalty imposed under Section 78 of the Finance Act, 1994. The Court found that the penalty was not warranted as the case did not involve fraud, collusion, wilful misstatement, suppression of facts, or contravention of the Act as required by Section 78. Consequently, the Court dismissed the appeal, ruling that no substantial question of law arose and that the Tribunal's decision was appropriate and did not warrant interference. Case-Laws Service Tax Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370080