https://www.taxtmi.com/caselaws?id=32770 The Tribunal upheld the reduction of penalty under Section 76 of the Finance Act, 1994 to Rs.2,000 but later recalled the case for reconsideration as the penalty should have been Rs.100 or Rs.200 per day. The appeal was dismissed under the Dispute Resolution Scheme, 2008, as the respondents paid all dues and obtained immunity from penalty imposition. The judgment emphasized statutory limits on penalties and the importance of compliance with the scheme, resulting in the withdrawal of the appeal. en-us Thu, 05 Feb 2009 00:00:00 +0530 Wed, 19 Aug 2009 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32770 The Tribunal upheld the reduction of penalty under Section 76 of the Finance Act, 1994 to Rs.2,000 but later recalled the case for reconsideration as the penalty should have been Rs.100 or Rs.200 per day. The appeal was dismissed under the Dispute Resolution Scheme, 2008, as the respondents paid all dues and obtained immunity from penalty imposition. The judgment emphasized statutory limits on penalties and the importance of compliance with the scheme, resulting in the withdrawal of the appeal. Case-Laws Service Tax Thu, 05 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32770