2015 (3) TMI 40

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.... impugned order of imposing penalty under Section 76, 77 & 78 of the Finance Act, 1994. 2. The brief facts of the case are that the appellant is engaged in providing various services. They are having separate units located in separate places. As per the Companies Act, they have to maintain consolidated records of the financial transactions as well as final accounts and on the basis of the financi....

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....Adjudicating Authority came to a conclusion that a sum of Rs. 4,42,073/- is payable as per balance sheet of the appellant as service tax payable, which has been paid by the appellant along with interest but the Adjudicating Authority imposed various penalties under the Finance Act, 1994. On appeal, the same has been confirmed by the Commissioner (Appeals). Aggrieved from the same, appellant is bef....

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....e same along with interest, therefore mens rea of the appellant has been proved and the lower authorities have rightly imposed penalty on the appellant. 5. Heard both sides. Considered the submissions. 6. In this case, the show-cause notice was issued to the appellant for larger amount but after reconciliation, the amount came down to Rs. 4,22,703/- Further the figure shown in the balance sheet ....