TMI Blog2004 (1) TMI 688X X X X Extracts X X X X X X X X Extracts X X X X ..... assed by the Commissioner (Appeals) whereby the penalty imposed under sections 76 and 77 of Finance Act, 1994 (Service Tax) was reduced to ₹ 20,000 in all. 3. The contention of the revenue is that under the provisions of Finance Act, 1994 a penalty was not less than ₹ 100 for default of every day where the assessee failed to pay service tax within time. In these circumstances, the c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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