https://www.taxtmi.com/caselaws?id=76624 The Appellate Tribunal CESTAT, CHENNAI upheld the decision to set aside penalties imposed on the assessees under Sections 76 and 78 of the Finance Act, 1994. The Tribunal found that the assessees had established a reasonable cause for their failure to pay the service tax on time and were entitled to protection under Section 80 of the Finance Act. The assessees' confusion arising from legal actions regarding the service tax levy, including an interim stay granted by the Madras High Court, led to the Tribunal ruling that they were not guilty of tax evasion. Consequently, the Tribunal rejected the Revenue's appeal, affirming the Commissioner (Appeals)' decision to extend protection under Section 80. en-us Tue, 16 Mar 2010 00:00:00 +0530 Sat, 11 Dec 2010 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76624 The Appellate Tribunal CESTAT, CHENNAI upheld the decision to set aside penalties imposed on the assessees under Sections 76 and 78 of the Finance Act, 1994. The Tribunal found that the assessees had established a reasonable cause for their failure to pay the service tax on time and were entitled to protection under Section 80 of the Finance Act. The assessees' confusion arising from legal actions regarding the service tax levy, including an interim stay granted by the Madras High Court, led to the Tribunal ruling that they were not guilty of tax evasion. Consequently, the Tribunal rejected the Revenue's appeal, affirming the Commissioner (Appeals)' decision to extend protection under Section 80. Case-Laws Service Tax Tue, 16 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76624