2014 (4) TMI 958

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....espondent: Shri Rakesh Goyal, Addl. Commissioner (AR) JUDGEMENT Per: S S Kang: The applicants filed the application for waiver of pre-deposit of penalty. The applicants had already paid the amount of tax with interest. In view of this, pre-deposit of penalty is waived for hearing of the appeal. 2. With the consent of both sides, the appeal is taken up for hearing. The appellants are no....

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....of the appellants is that there is no intention to evade payment of tax. It was only during audit, certain discrepancy was found and tax was immediately paid with interest. Therefore, the appellants are not liable for any penalty. The appellants also relied upon sec.80 of the Finance Act, 1994. 4. Revenue relied upon the findings of the lower authorities. 5. We find that Sec.80 of the Financ....