https://www.taxtmi.com/caselaws?id=31215 The Appellate Tribunal CESTAT, Chennai upheld the penalty imposed on a Public Sector Undertaking under Section 78 of the Finance Act, 1994 for alleged suppression of facts, along with the demand of duty for the period October 2004 to March 2006. The Tribunal required the appellants to pre-deposit Rs. 10 lakhs within four weeks to pursue their appeal, as they failed to obtain clearance from the Committee on Disputes to challenge the duty demand. The penalty imposition was deemed justified due to the appellants' failure to address financial hardship and the similarity of grounds for penalty and duty demand. en-us Thu, 15 May 2008 00:00:00 +0530 Thu, 23 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31215 The Appellate Tribunal CESTAT, Chennai upheld the penalty imposed on a Public Sector Undertaking under Section 78 of the Finance Act, 1994 for alleged suppression of facts, along with the demand of duty for the period October 2004 to March 2006. The Tribunal required the appellants to pre-deposit Rs. 10 lakhs within four weeks to pursue their appeal, as they failed to obtain clearance from the Committee on Disputes to challenge the duty demand. The penalty imposition was deemed justified due to the appellants' failure to address financial hardship and the similarity of grounds for penalty and duty demand. Case-Laws Service Tax Thu, 15 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31215