2009 (4) TMI 374

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..... ommissioner (Appeals) reduced penalty imposed u/s 76 and 78. Held that- there was confusion as to levy of tax on Authorized Service Station receiving commission from Financial Institution for arranging loan, imposition of penalty under section 78 was sufficient to meet ends of justice and, therefore there was no reason to interfere with order of Commissioner (Appeals). - ST/739 OF 2008- .....

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..... tax and to appropriate the amount as deposited by them and to impose penalty. The Original Authority confirmed demand of tax of Rs. 78,979 and appropriated the amount of Rs. 22,955 and imposed penalty of equal amount of tax under sections 76 and 78 of the Act separately and Rs. 1,000 under section 77 of the Act. Commissioner (Appeals) reduced the penalty under section 78 of the Act from Rs. 56,02 .....

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