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2010 (12) TMI 122 - CESTAT, DELHIWaiver or Penalty - Whether the appellant is entitled to any concession on interest and penalty when Modvat credit was allowed against part of the demand resulting in balance demand along with interest and penalty - Consequently, the appellate order in respect of levy of interest is modified holding that interest is to be recovered on unpaid balance of Rs. 27,407 - This clearly demonstrates that small tax payer should not face undue hardship for no deliberate intention of causing loss to Revenue - It would, therefore, be proper to waive the penalties imposed on the appellant - Appeal is disposed of
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