https://www.taxtmi.com/caselaws?id=30138 The Tribunal upheld penalties totaling Rs. 9,41,799/- under Sections 76 and 78, and Rs. 1,000/- under Section 77 of the Finance Act, 1994, despite tax payment. The appellant's plea for penalty waiver under Section 80 was rejected due to lack of reasonable cause. While penalties under Sections 76 and 77 were deemed justified, the Tribunal found no basis for penalty under Section 78. The penalty under Section 76 was reduced to Rs. 1 lac, and the appellant was absolved from penalty under Section 78. The appeal was partially allowed with revised penalty amounts. en-us Mon, 12 May 2008 00:00:00 +0530 Tue, 29 Apr 2014 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30138 The Tribunal upheld penalties totaling Rs. 9,41,799/- under Sections 76 and 78, and Rs. 1,000/- under Section 77 of the Finance Act, 1994, despite tax payment. The appellant's plea for penalty waiver under Section 80 was rejected due to lack of reasonable cause. While penalties under Sections 76 and 77 were deemed justified, the Tribunal found no basis for penalty under Section 78. The penalty under Section 76 was reduced to Rs. 1 lac, and the appellant was absolved from penalty under Section 78. The appeal was partially allowed with revised penalty amounts. Case-Laws Service Tax Mon, 12 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30138