https://www.taxtmi.com/caselaws?id=75824 The appellate tribunal set aside the penalty imposed under section 76 of the Finance Act against the appellants for failure to pay service tax on time. The tribunal found that the appellants had collected the tax in good faith but were uncertain about the correct procedure for depositing it. Upon clarification from the department, they promptly deposited the tax and interest due. The tribunal concluded that there was no intention to evade payment, leading to the penalty being overturned, emphasizing the importance of compliance with tax regulations and acting in good faith to avoid disputes. en-us Tue, 08 Sep 2009 00:00:00 +0530 Thu, 25 Apr 2013 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75824 The appellate tribunal set aside the penalty imposed under section 76 of the Finance Act against the appellants for failure to pay service tax on time. The tribunal found that the appellants had collected the tax in good faith but were uncertain about the correct procedure for depositing it. Upon clarification from the department, they promptly deposited the tax and interest due. The tribunal concluded that there was no intention to evade payment, leading to the penalty being overturned, emphasizing the importance of compliance with tax regulations and acting in good faith to avoid disputes. Case-Laws Service Tax Tue, 08 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75824