2008 (4) TMI 40 - HC - Service Tax

Penalty imposable u/s 76 of the Finance Act 1994 reduced by tribunal - Whether Tribunal was justified in reducing the penalty less than Rs. 100/- during which the default continued - order of tribunal is not justified - hence revenue appeal is allowed & question is answered in favour of the Revenue and against the assessee

Summary

The High Court of Rajasthan allowed the appeal against the Tribunal's order reducing the penalty to Rs. 25,000. The court ruled in favor of the Revenue and set aside the Tribunal's order, restoring that of the authorities below.