2010 (1) TMI 325

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....i J. Shankararaman and S. Krishnanandh, Advocates, for the Respondent. [Order]. - In this case, vide Order-in-Original No. 21/2003 dated 18-11-2003 service tax together with interest was demanded and a penalty of Rs. 57,200/- was imposed under the provisions of Section 76 of the Finance Act, 1994 as amended, for belated payment of tax during the period 1-9-1999 to 30-9-2002. Show-cause notice dat....

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....by the Revenue. 2. I have heard both sides. I find that the figure of Rs. 57,200/- is not based upon penalty of Rs. 100/- per week as the numb of weeks during which the payment of service tax was delayed was 160 in which case the penalty which could have been imposed if there was a mistake in holding that 100 rupees per weeks delay was required to be imposed would have been Rs. 16,000/-. The Reve....