2010 (5) TMI 311

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..... dispute precisely by revenue is that dropping of penalty under section 76 is not permissible and granting concession under section 78 is equally not sustainable. Therefore, revenue prays to reverse the appellate order to bring the same in order with the original order. 2. Learned Counsel for the respondents submits that penalty under sections 77 and 78 are independent of each other. Concessional .....

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