2007 (6) TMI 118

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....sed record. 2. The appeal is directed against imposition of penalty of Rs. 48,800/- on the appellant under Section 76 of the Finance Act, 1994. 3. The facts leading to the imposition of penalty are that the appellant render financial services which attract service tax. The tax amount is required to be paid on a monthly basis and returns filed on half-yearly basis. The appellant was complying....