2009 (11) TMI 332

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....he challenge in the present appeal is only to the imposition of penalties under Section 76,77 and 78 of Chapter V of the Finance Act, 1994— the demand of Service tax together with interest stands paid and is not challenged. 2. I have heard both sides. I find force in the submission that penalty imposed under the provisions of Section 78 is not sustainable for the reason that the penalty under ....

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....ection 76, 1 do not see force in the submission of the assessee that they had a reasonable cause for failure to register and file returns and pay tax, as the reason adduced by them is ignorance of law and interpretation of statutory provisions, which is not sufficient to extend the shelter under Section 80 of the Finance Act, 1994. 1, therefore, uphold the penalty under Section 76. However, in the....