2019 (2) TMI 1307

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....nge in the present appeal is only to imposition of penalty of Rs. 1,31,459/- under Section 76 of the Finance Act, 1994. 2. As per the facts on record, the demand for the identical amount was confirmed against the appellant in respect of consulting engineering services. Along with confirming of demand the original adjudicating authority also imposed equal penalties in terms of Section 76, 77 and 7....

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....g deposited under a bona fide belief that it was not required to be deposited as during the relevant period there was confusion in the field. However, she submits that 25% of the penalty, imposed under Section 78, which has already been set aside by Commissioner (Appeals) stands deposited and as such the same may be considered for the purposes of Section 76. 5. Ld. DR appearing for the Revenue re....