2011 (1) TMI 52 - PUNJAB AND HARYANA HIGH COURT

Simultaneous penalty u/s 76 and 78 – Held that: - Section 76 provides for penalty for failure to pay the amount while Section 78 provides for penalty for suppressing the taxable value. Section 78 is, thus, more comprehensive and provides for higher amount. Even if technically, the scope of sections 76 and 78 is different, penalty under Section 76 may not be justified if penalty had already been imposed under Section 78.