https://www.taxtmi.com/caselaws?id=75585 The Tribunal upheld the waiver of penalties under Section 80 of the Finance Act, 1994, due to the respondents' ignorance of statutory requirements. It reinstated the demand for interest for delayed payment of service tax, finding the respondents liable for interest payment as per Section 75 of the Act. The appeals were partially allowed, affirming the lower appellate authority's decision to vacate the demand for penalties but reinstating the demand for interest. en-us Fri, 31 Jul 2009 00:00:00 +0530 Thu, 06 May 2010 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75585 The Tribunal upheld the waiver of penalties under Section 80 of the Finance Act, 1994, due to the respondents' ignorance of statutory requirements. It reinstated the demand for interest for delayed payment of service tax, finding the respondents liable for interest payment as per Section 75 of the Act. The appeals were partially allowed, affirming the lower appellate authority's decision to vacate the demand for penalties but reinstating the demand for interest. Case-Laws Service Tax Fri, 31 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75585