https://www.taxtmi.com/highlights?id=59098 Levy of penalty - In the light of section 73(4) of Finance Act, 1994, which is the sole ground for denying recourse to section 73(3) of Finance Act, 1994, it is clear that the appellant herein has discharged tax liability in the manner contemplated by section 73(3) of Finance Act, 1994, upon intimation by the jurisdictional central excise officers. Consequently, in accordance with Explanation 2 therein, the assessee is not liable to any penalty under Finance Act, 1944. - AT en-us Sat, 07 Aug 2021 12:35:14 +0530 Sat, 07 Aug 2021 12:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59098 Levy of penalty - In the light of section 73(4) of Finance Act, 1994, which is the sole ground for denying recourse to section 73(3) of Finance Act, 1994, it is clear that the appellant herein has discharged tax liability in the manner contemplated by section 73(3) of Finance Act, 1994, upon intimation by the jurisdictional central excise officers. Consequently, in accordance with Explanation 2 therein, the assessee is not liable to any penalty under Finance Act, 1944. - AT Highlights Service Tax Sat, 07 Aug 2021 12:35:14 +0530 https://www.taxtmi.com/highlights?id=59098