TMI BlogSimultaneous Penalty u/s 76 and 78 of FA - The entire tax along with interest and penalty at 25% of tax...Simultaneous Penalty u/s 76 and 78 of FA - The entire tax along with interest and penalty at 25% of tax demand is paid immediately upon issue of SCN and before Adjudication. So some leniency is warranted in the case. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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