https://www.taxtmi.com/caselaws?id=286399 Concessional interest under the proviso to Section 75 of the Finance Act, 1994 was available because the turnover for each financial year remained below the prescribed limit and the plea raised was a pure question of law. Penalty under Section 78 was unsustainable because the sales commission was duly accounted for through cheques and reflected in income-tax records, with no deliberate defiance of law, contumacious conduct, or misstatement of facts. The appeal therefore succeeded on both the interest and penalty issues, and relief was granted accordingly. en-us Tue, 12 Mar 2019 00:00:00 +0530 Mon, 24 Feb 2020 18:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286399 Concessional interest under the proviso to Section 75 of the Finance Act, 1994 was available because the turnover for each financial year remained below the prescribed limit and the plea raised was a pure question of law. Penalty under Section 78 was unsustainable because the sales commission was duly accounted for through cheques and reflected in income-tax records, with no deliberate defiance of law, contumacious conduct, or misstatement of facts. The appeal therefore succeeded on both the interest and penalty issues, and relief was granted accordingly. Case-Laws Service Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286399