2010 (12) TMI 119

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..... bsp;     Appeal for interest is not pressed.  Learned Counsel is pressing for waiver of penalty only. She submits that there is no dispute on tax liability.  The interest levied is only for the confusion of law for which that should be waived.  She relied upon the decision of the Tribunal in the case of Greenply Industries Ltd. vs. CCE, Jaipur, reported in 2006 ( .....

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..... case.  Therefore, para 8 of that judgment is not applicable in the present case.  The time lost to collect revenue is compensated by collection of interest.  Therefore, prayer of the learned Counsel for waiver of interest is not entertainable. 3. In this case there is token penalty of Rs. 500/- which has been levied under Section 77 of the Finance Act, 1994.   No reason .....

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