2007 (11) TMI 34

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....sidered the submissions made by both sides and perused the re cords. The contention of the Ld. SDR in this case is that the Ld. Commissioner (Appeals) has reduced the penalties imposed on the respondent to Rs. 15,000/- under all the Sections i.e. Section 76, 77 and 78 of the Finance Act, 1994. It is his submission that in this case the respondent had clearly violated the provisions regarding the n....

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.... The lower authority has imposed different penalties under different provisions and the quantum of penalties is excessive. The adjudicating authorities have discretion while imposing penalty" While arriving at the above said findings he also kept in mind, the law settled by the Hon'ble Supreme Court that as to the quantum of penalty is to be decided on the facts and circumstances of the case. Aft....