Appellate Tribunal Cancels Penalty for Ignorance of Service Tax Liability in S. Raghu v. C. Rangaraju

The Appellate Tribunal CESTAT, Chennai, set aside the penalty under section 76 of the Finance Act, 1994 in the case of S. Raghu v. C. Rangaraju. The penalty was waived due to the assessees' ignorance of service tax liability, protected under section 80. The appeal was successful in overturning the penalty under section 78 but upheld the penalty under section 77.

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The Appellate Tribunal CESTAT, Chennai, in the case of S. Raghu v. C. Rangaraju, challenged penalty under section 76 of the Finance Act, 1994. The penalty was set aside due to the assessees' ignorance of service tax liability, granting protection under section 80. The appeal was allowed, setting aside the penalty under section 78, but upholding the penalty under section 77.

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