2017 (9) TMI 1322

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....The only challenge in the present appeal is to imposition of penalty imposed under the provisions of section 77 and 78 of the Finance Act, 1994. 2.   It is seen that the demand for the period October, 2009 to March, 2014 stands confirmed against the appellants to the extent of Rs. 52,602/-, in respect of the GTA services so received by them, on reverse charge basis. The appellants on being p....

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....o justification for further imposition of penalty under section 77 and 78 of the Finance Act, 1994. It stands contended by the learned advocate that receipt of such services was duly reflected in their statutory records and as such, no malafide can be attributed to them. In such a scenario, he seeks protection under section 80 of the Finance Act, 1994. Learned advocate also submits that having dep....