2007 (8) TMI 249 - HC - Service Tax

Whether the Tribunal can impose penalty under section 76 of the Finance Act 1994 - After considering the provisions of sections 80 read with 76 we have held that there is discretion in the Tribunal to interfere with the penalty imposed - no question of law would arise - hence appeal is dismissed.

Summary

The High Court Bombay held that the Tribunal can impose penalty under section 76 of the Finance Act, 1994, and has discretion to interfere with the penalty imposed. The appeal was dismissed as no question of law arose in the case.