Penalty Imposed for Late Service Tax Filing; Section 77(2) Clarifies No Additional Penalty u/s 70.

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....Penalty u/s 77(2) of the FA 1994 - delay in filing the service tax return - penalty of ₹ 20,000/- for each return - When the penalty has been imposed under Section 77(2) of the Finance Act, 1994, in that circumstance penalty under Section 70 cannot be imposed on the assessee. - AT....