2006 (12) TMI 560

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d with the reduction of penalty to ₹ 50,000 by the Commissioner (Appeals). The assessee is not challenging the levy of service tax and interest, but prayed for dropping of penalty imposed under section 76 to an extent of ₹ 1,28,558. However, the Commissioner (Appeals) did not accept the assessees' plea but found reason to reduce the penalty as he did not find any mala fide intention to....