Imposition of penalty u/s 78 - delay in payment of tax - ...
Penalty Upheld for Late Tax Payment u/s 78; Financial Hardship Defense Rejected for Misused Funds.
March 15, 2017
Case Laws Service Tax AT
Imposition of penalty u/s 78 - delay in payment of tax - Financial hardship cannot be pleaded against penal action when the tax collected is not remitted to the Government and used for other expenses - penalty upheld - AT
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