2010 (12) TMI 122

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..... interest is modified holding that interest is to be recovered on unpaid balance of Rs. 27,407 - This clearly demonstrates that small tax payer should not face undue hardship for no deliberate intention of causing loss to Revenue - It would, therefore, be proper to waive the penalties imposed on the appellant - Appeal is disposed of - 1461 of 2010-SM - - - Dated:- 10-12-2010 - Shri D.N. Pan .....

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..... terest and penalty. There were penalties under Section 76 78 of the Finance Act, 1994. Both sides having verified record states that consequent upon adjustment of Modvat credit against service tax demand, the balance demand of service tax arose for realisation was Rs. 27,407/-. Once this is the position, the appellant has to suffer interest on the unpaid service tax of Rs. 27,407/-. Conseque .....

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