https://www.taxtmi.com/caselaws?id=32127 The Tribunal treated the service tax penalty regime under Section 78 of the Finance Act, 1994 as analogous to the mandatory penalty framework under Section 11AC of the Central Excise Act, 1944, and applied the reduced-penalty principle to limit the penalty to 25% of the duty amount. It also held that a separate penalty under Section 77 could not survive for the same default once penalty under Section 78 had been imposed, and accordingly set that penalty aside. The assessee therefore obtained reduction of the principal penalty and deletion of the additional penalty. en-us Fri, 26 Sep 2008 00:00:00 +0530 Sat, 09 May 2009 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32127 The Tribunal treated the service tax penalty regime under Section 78 of the Finance Act, 1994 as analogous to the mandatory penalty framework under Section 11AC of the Central Excise Act, 1944, and applied the reduced-penalty principle to limit the penalty to 25% of the duty amount. It also held that a separate penalty under Section 77 could not survive for the same default once penalty under Section 78 had been imposed, and accordingly set that penalty aside. The assessee therefore obtained reduction of the principal penalty and deletion of the additional penalty. Case-Laws Service Tax Fri, 26 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32127