2009 (12) TMI 165

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....kkanathan for the Appellant. Ms. Indira Sisupal for the Respondent. ORDER 1. The assessees are aggrieved by the imposition of penalties under the provisions of sections 76 and 78 of the Finance Act, 1994, while the revenue has filed an appeal against reduction of penalties. 2. I have heard both sides. I find that out of the total liability of Rs. 2,04,124 which is the amount to which tax ....