2008 (6) TMI 11

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....ng Vice President]- 1. Heard Ld. DR and none appeared on behalf of the respondent. 2. The revenue filed these appeals against the impugned order whereby the penalty imposed under Section 76 & 78 of the Finance Act has been reduced by the Commissioner(Appeals). The Commissioner(Appeals) reduced the penalty under Section 78 of the Finance Act from Rs.255411/-  to Rs.227481/-. The contention of....