2015 (1) TMI 38

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.... Venkataraman and Hon'ble Ms. Justice K.B.K. Vasuki on 13-6-2013 dismissed the Civil Miscellaneous Appeal No. 684 of 2008 filed by Commissioner of Service Tax, Chennai against the CESTAT Final Order No. 1271/2007, dated 16-10-2007 as reported in 2008 (9) S.T.R. 132 (Tri.-Chennai) (Ramanasekar Steels Ltd. v. Commissioner). While dismissing the appeal, the High Court passed the following order : ....

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....y, which ultimately, ended up on filing of petition before BIFR (Board for Industrial and Financial Companies) in the year 2001 declaring as sick company under Section 3(1)(a) of the Sick Industrial Companies (Special Provisions) Act, 1985. Based on these facts, the CESTAT held that the assessee had shown 'reasonable cause' on the failure referred to in Section 76, penalty levied could not be sust....