9911796707
TMI Blog2010 (11) TMI 837X X X X Extracts X X X X X X X X Extracts X X X X ..... ability of longer period of limitation to the tax demand on the ground of suppression etc., I am of the view that the penalty in respect of the tax demand for the longer period is imposable - The appellants are also required to be given an option to pay 25% of the penalty amount within one month of passing the order as provided under the statute - Appeals are allowed - ST/405-408/2010 - 1156-1159 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I find that the same have been imposed with reference to the entire tax demand both for the normal period as well as for the extended period. The learned counsel appearing for the appellants states that there was no intention on the part of the appellants to evade the tax and they have promptly paid the tax amount and interest after their liability was pointed out to them. He also states that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t would be appropriate to waive the penalty in respect of the normal period of limitation. The appellants are also required to be given an option to pay 25% of the penalty amount within one month of passing the order as provided under the statute. Accordingly, the penalties imposed under Section 78 are set aside and the matter is remanded to the original authority for quantification of the penalty ..... X X X X Extracts X X X X X X X X Extracts X X X X
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