2006 (10) TMI 396

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Full Text of the Document

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....en filed challenging the imposition of penalty of Rs. 73,293 under section 76 of the Finance Act, 1994. It is seen that the Commissioner (Appeals) has restricted the penalty amount under section 76 to Rs. 73,293 being the service tax amount payable by the appellants. The provisions of section 76 clearly provide that the amount of penalty during which the failure has continued shall not exceed the ....