https://www.taxtmi.com/caselaws?id=295056 The Appellate Tribunal CESTAT NEW DELHI upheld the service tax demand and interest but deemed the penalty imposition under Section 76 of the Finance Act, 1994 improper. The case was remanded for the proper computation of the penalty amount under the un-amended provisions of Section 76, as an equal amount of penalty was not specifically provided for by the statute. The appeal was disposed of, with the original authority instructed to revisit and accurately quantify the penalty amount. en-us Thu, 30 Jun 2016 00:00:00 +0530 Tue, 18 May 2021 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295056 The Appellate Tribunal CESTAT NEW DELHI upheld the service tax demand and interest but deemed the penalty imposition under Section 76 of the Finance Act, 1994 improper. The case was remanded for the proper computation of the penalty amount under the un-amended provisions of Section 76, as an equal amount of penalty was not specifically provided for by the statute. The appeal was disposed of, with the original authority instructed to revisit and accurately quantify the penalty amount. Case-Laws Service Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295056