Commissioner (Appeals) overturns penalty under Finance Act citing service tax exemption notification, revenue does not challenge decision. The Commissioner (Appeals) set aside the penalty under section 80 of the Finance Act, 1994, attributing late payment of service tax to a notification ...
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Commissioner (Appeals) overturns penalty under Finance Act citing service tax exemption notification, revenue does not challenge decision.
The Commissioner (Appeals) set aside the penalty under section 80 of the Finance Act, 1994, attributing late payment of service tax to a notification granting exemption. The revenue did not challenge the finding of reasonable grounds for non-imposition of penalty. The appeal was dismissed, affirming the decision to set aside the penalty.
The Commissioner (Appeals) set aside the penalty by extending protection under section 80 of the Finance Act, 1994. The late payment of service tax and late registration was attributed to a notification granting exemption from service tax. The revenue did not challenge the finding that the assessees had reasonable grounds for non-imposition of penalty. The appeal was dismissed, upholding the decision to set aside the penalty.
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