Penalty Waived for Late Tax Payment Due to Financial Hardship u/s 76 of Finance Act, 1994; Section 80 Invoked.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Imposition of penalty u/s 76 of the FA, 1994 - delayed payment of tax - financial difficulty - invocation of section 80 - it is a fit case to waive the penalty - AT....