TMI BlogWhether the unamended provision of Section 78 according to which 100% penalty or amended provision of...Whether the unamended provision of Section 78 according to which 100% penalty or amended provision of Section 78 according to which 50% penalty is applicable in the case where transactions are recorded in the books of the assessee, when the offence was taken place during the period of unamended Section 78. - CESTAT applied the amended provisions in favor of assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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