CESTAT Chennai: Penalty for late service tax payment overturned. Assessees promptly paid tax. Appeal allowed.

The Appellate Tribunal CESTAT, Chennai set aside the penalty imposed on the assessees for belated payment of service tax, as they promptly paid the tax and interest upon being informed by the department. The appeal was allowed.

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The Appellate Tribunal CESTAT, Chennai heard an appeal regarding the imposition of a penalty for belated payment of service tax. The assessees were not aware of their tax liability and paid the tax and interest promptly upon being informed by the department. The penalty was set aside, and the appeal was allowed.

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