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of <h1>Appellate Tribunal rules penalty not valid if service tax and interest already paid before notice.</h1> The Appellate Tribunal CESTAT, Chennai ruled in favor of the assessee, holding that the penalty cannot be imposed as they had already paid the service tax ... Recovery of Service Tax not levied or paid - Revenue imposed penalty upon assessee. In instant appeal, assessee contended that since it paid service tax together with interest prior to issue of SCN, all proceedings including imposition of penalty stood concluded, in light of section 73(3) and CBEC's Circular dated 03.10.2007. Held that - since instant case was falling within normal period of limitation, question of any penalty did not arise and, therefore, impugned order was to be set aside. The Appellate Tribunal CESTAT, Chennai ruled in favor of the assessee, stating that since they paid service tax and interest before the show-cause notice, penalty cannot be imposed. The decision was based on the Finance Act, 1994 and a CBEC Circular. The impugned order was set aside, and the appeal was allowed.
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