2007 (3) TMI 814

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....mitted that breach of law should meet with penalty. The ld. Appellate Authorities below without stating reason, reduced the penalty under Section 76 of the Finance Act from ₹ 2171/- to ₹ 1146/-. So far penalty under Section 77 is concerned, that was reduced to ₹ 10,000/- to ₹ 3,000/-. Therefore, no interference was called for by the ld. Commissioner (Appeals) without any sp....