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TMI Blog2015 (7) TMI 138X X X X Extracts X X X X X X X X Extracts X X X X ..... show-cause notice and it can also be seen that the concern was a partnership firm. Having regard to facts and circumstances and the approach of the assessee, I consider that this is a fit case for invocation of provisions of Section 80 of Finance Act 1994 and accordingly, the penalties imposed on the appellants are waived by invoking the provisions of Section 80 of Finance Act 1994. - Decided in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 4,00,000/- initially and subsequently paid another amount of ₹ 1,06,074/-. The submission that they had paid the amount as submitted was got verified and the Assistant Commissioner concerned in his verification report confirmed that appellant had paid an amount of 5,06,074/- which was appropriated in the order-in-original itself. An amount of ₹ 4,00,000/- was paid on 30.05.200 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and law, as the same were looked after by other partner yet, he paid the entire amount of tax with interest even before issue of show-cause notice which would show the bonafide of the appellant. Therefore, the penalty imposed under Section 76 should be waived. 3. The learned A.R. would submit that the appellant does not deserve any consideration since ignorance of law is no excuse and in this c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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