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2011 (9) TMI 418 - CESTAT, NEW DELHIWaiver of penalty u/s 76 and 78 of Finance Act 1994 – assessee engaged in activity of arranging finances/loans for their car customers from various banks and financial institutions - services falling under the category of business auxiliary services - Held that:- The issue involved is of interpretation of the taxing entry and no mala fide or element of suppression or mis-statement can be attributed to the assessee hence, imposition of penalties are set aside. See Roshan Motors Ltd. vs. CCE, Meerut (2008 - TMI - 31834 - CESTAT, New Delhi)
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