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    <title>2008 (10) TMI 149 - CESTAT NEW DELHI</title>
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    <description>The Tribunal held that the C&amp;amp;F Agent knowingly entered into an agreement to avoid tax payment, not qualifying for benefits under Section 80 of the Finance Act, 1994. The Adjudication Order was restored, penalties reduced to Rs. 8,700 under Section 78 and Rs. 5,000 under Section 76. The appeal favored the Revenue, adjusting the penalties accordingly.</description>
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      <link>https://www.taxtmi.com/caselaws?id=33240</link>
      <description>The Tribunal held that the C&amp;amp;F Agent knowingly entered into an agreement to avoid tax payment, not qualifying for benefits under Section 80 of the Finance Act, 1994. The Adjudication Order was restored, penalties reduced to Rs. 8,700 under Section 78 and Rs. 5,000 under Section 76. The appeal favored the Revenue, adjusting the penalties accordingly.</description>
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