2008 (10) TMI 136

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..... rrect to the extent of dropping the interest - impugned order is modified by ordering payment of interest only and setting aside the penalties confirmed - ST/245 of 2007 - 1178 of 2008 - Dated:- 3-10-2008 - DR. S.L. PEERAN, JUDICIAL MEMBER and T.K. JAYARAMAN, TECHNICAL MEMBER Joy Kumari Chander for the Appellant. [Order per : T.K. Jayaraman, Technical Member.]. - Revenue has come in ap .....

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..... x liability has been discharged before the issue of show-cause notice, then penalties under sections 76, 77 and 78 are not justified. Consequently, the dropping of penalties is legal and proper. However, we have held that the assessee has to pay the interest to that extent. The impugned order is not correct to the extent of dropping the interest. Therefore, we modify the said impugned order by ord .....

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