2008 (2) TMI 345

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.... - The appellant is not contesting the confirmation of service tax, but is aggrieved with imposition of penalty of Rs.40,000/- in terms of Section 76 of the Finance Act, 1984. The said penalty stands imposed upon the appellant on the findings that the service tax was paid late, though they were registered with the central excise authorities. The delay in depositing the tax is ranging from 5 to 6 m....