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2009 (4) TMI 374 - CESTAT, NEW DELHIPenalty- Assessee, an authorized service station, paid service tax belatedly on commission received by it for arranging loans for individuals as direct marketing agent of a bank Adjudicating authority imposed penalties under section 76 and 78. However, Commissioner (Appeals) reduced penalty imposed u/s 76 and 78. Held that- there was confusion as to levy of tax on Authorized Service Station receiving commission from Financial Institution for arranging loan, imposition of penalty under section 78 was sufficient to meet ends of justice and, therefore there was no reason to interfere with order of Commissioner (Appeals).
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