Penalties on Security Agency Service Lifted Due to Proven Financial Struggles and No Suppression of Facts u/ss 76 & 78.

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....Imposition of penalties - Security Agency Service - Once the appellant has shown the duty liability in their Books of Accounts which clearly means that there was no suppression of material fact to evade the payment of tax and non-payment was on account of financial difficulties which has been proved by the assessee on record - penalty u/s 76 and 78 set aside....