https://www.taxtmi.com/caselaws?id=76392 The Tribunal upheld the decision of the Commissioner (Appeals) to reduce the penalty imposed under section 78 of the Finance Act, 1994 from Rs. 4,81,121 to Rs. 1,00,000 on the grounds that the appellants promptly paid the service tax upon notification by the department, demonstrating good faith and lack of awareness of their tax liability. The Tribunal deemed it appropriate to grant relief under section 80 of the Finance Act, 1994, considering the nature of the appellants' activities as agents involved in business auxiliary services, leading to the dismissal of the revenue's appeal. en-us Fri, 23 Oct 2009 00:00:00 +0530 Wed, 23 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76392 The Tribunal upheld the decision of the Commissioner (Appeals) to reduce the penalty imposed under section 78 of the Finance Act, 1994 from Rs. 4,81,121 to Rs. 1,00,000 on the grounds that the appellants promptly paid the service tax upon notification by the department, demonstrating good faith and lack of awareness of their tax liability. The Tribunal deemed it appropriate to grant relief under section 80 of the Finance Act, 1994, considering the nature of the appellants' activities as agents involved in business auxiliary services, leading to the dismissal of the revenue's appeal. Case-Laws Service Tax Fri, 23 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76392