https://www.taxtmi.com/caselaws?id=31234 The Tribunal set aside penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994 on the appellants for non-filing of returns and non-payment of tax. The Commissioner (Appeals) modified the order, setting aside the penalty under Section 78 and reducing the penalty under Section 76. The Tribunal emphasized the appellants' actions under a bona fide belief, citing case law precedents, and ultimately allowed the appeal with consequential relief. en-us Thu, 29 May 2008 00:00:00 +0530 Thu, 23 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31234 The Tribunal set aside penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994 on the appellants for non-filing of returns and non-payment of tax. The Commissioner (Appeals) modified the order, setting aside the penalty under Section 78 and reducing the penalty under Section 76. The Tribunal emphasized the appellants' actions under a bona fide belief, citing case law precedents, and ultimately allowed the appeal with consequential relief. Case-Laws Service Tax Thu, 29 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31234