2009 (2) TMI 36

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..... for the appellant. Shri A.K. Madan, Authorized Representative (SDR), for the Respondent. [Order per : D.N. Panda, Member (Judicial)] - Learned Counsel Shri Bipin Garg, only contests the penalty of Rs. 66,370/- and Rs. 500/- imposed under Section 76 and 75A of the Finance Act, 1994. He submits that there was no deliberate failure nor there was breach of law, if any, intend to cause prejudice to R .....

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..... ll businessman and his father was suffering from cancer which caused him financial hardship, we waive the penalty of Rs. 66,370/- imposed under Section 76 finding the cause to be reasonable attracting Section 80 of the Finance Act, 1994. But we confirm the penalty of Rs. 500/- for no appealable reasons coming before us. Accordingly, the appeal is partly allowed. (Dictated and pronounced in open c .....

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