TMI Blog2008 (7) TMI 191X X X X Extracts X X X X X X X X Extracts X X X X ..... ndertaking and they had no knowledge for levy of tax - Revenue failed to produce any material that the appellants failed to pay the tax by reason of fraud, collusion, etc. - imposition of penalty under Section 78 of the Finance Act, 1994 is set aside - ST/452/2007-SM (BR) - 1235/2008-SM (BR) - Dated:- 14-7-2008 - Shri P.K. Das, Member (Judicial) (Final Order No. 1235/2008-SM (BR) dt. 14.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted the said amount as deposited by them He also imposed penalty of equal amount under Section 78, Rs 1,000/- under Section 76 of the Act alongwith interest under Section 75 of the Act. The Commissioner (Appeals) modified Adjudication order in as much as, penalty was reduced to Rs 1,50,000/ - under Section 78 of the Act. 2. After hearing both the sides and on perusal of the record, I find that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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