2012 (8) TMI 785

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..... posit 25% of the demand towards penalty under section 78 - appeal is allowed partly - ST/71 of 2012-SM - 396 of 2012 SM (BR) & S-331 of 2012 SM (BR) - Dated:- 12-4-2012 - D.N. PANDA, J. Ms. Asmita Nayak for the Appellant. Ms. Renu Jagdav for the Respondent. ORDER 1. Ld. Counsel submits that this appeal is confined to the penalty aspect since tax demand has already been discha .....

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..... penalise under section 76 and 78 of the Finance Act, 1994. Simultaneously, to remove hardship, it would be proper to direct the appellant to deposit 25% of the demand towards penalty under section 78 of the Finance Act 1994 within 30 days of receipt of this order. If there is no deposit, this order shall stand vacated and Revenue shall be free to realise its entire dues in accordance with law. .....

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