https://www.taxtmi.com/caselaws?id=75982 The Tribunal partially allowed the appeal filed by M/s. Hindustan Petroleum Corporation Ltd. (HPCL) against the demand of Service Tax, interest, and penalties under Sections 76, 77 & 78 of the Finance Act, 1994. While confirming the liability for service tax and interest, the Tribunal set aside the penalties imposed on HPCL. The decision was based on HPCL's genuine belief that the service was not taxable, prompt compliance upon clarification from CBEC, and the absence of intent to evade payment. The judgment highlighted the importance of clarity in tax regulations and timely compliance once liability is established. en-us Fri, 29 Jan 2010 00:00:00 +0530 Mon, 06 Oct 2014 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75982 The Tribunal partially allowed the appeal filed by M/s. Hindustan Petroleum Corporation Ltd. (HPCL) against the demand of Service Tax, interest, and penalties under Sections 76, 77 & 78 of the Finance Act, 1994. While confirming the liability for service tax and interest, the Tribunal set aside the penalties imposed on HPCL. The decision was based on HPCL's genuine belief that the service was not taxable, prompt compliance upon clarification from CBEC, and the absence of intent to evade payment. The judgment highlighted the importance of clarity in tax regulations and timely compliance once liability is established. Case-Laws Service Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75982