https://www.taxtmi.com/caselaws?id=32755 The tribunal upheld penalties imposed under Section 76 and Section 78 of the Finance Act, 1994, due to the appellant's awareness of tax liabilities and significant payment delay. The appellant's argument of non-intentional evasion was dismissed, emphasizing the discretionary nature of penalties under Section 76 and the mandatory nature under Section 78. The judgment clarified the legal provisions and outlined the appellant's liability to pay only 25% of the penalty under Section 78 if paid within 30 days of the Tribunal's order. en-us Fri, 31 Oct 2008 00:00:00 +0530 Fri, 05 Jun 2009 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32755 The tribunal upheld penalties imposed under Section 76 and Section 78 of the Finance Act, 1994, due to the appellant's awareness of tax liabilities and significant payment delay. The appellant's argument of non-intentional evasion was dismissed, emphasizing the discretionary nature of penalties under Section 76 and the mandatory nature under Section 78. The judgment clarified the legal provisions and outlined the appellant's liability to pay only 25% of the penalty under Section 78 if paid within 30 days of the Tribunal's order. Case-Laws Service Tax Fri, 31 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32755