https://www.taxtmi.com/caselaws?id=77592 The Tribunal upheld the appellant's appeal against the penalty confirmation of Rs. 2,48,403 under Section 76 of the Finance Act, 1994 for delayed payment of Service tax on renting premises. Considering the newness of the tax levy and the appellant's good faith in not depositing the tax on time, the Tribunal dropped the penalty under Sections 76 and 77 of the Finance Act, 1994, in line with Section 80. As a result, the penalty demand was set aside, providing relief to the appellant in this matter. en-us Thu, 10 Dec 2009 00:00:00 +0530 Fri, 29 Oct 2010 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77592 The Tribunal upheld the appellant's appeal against the penalty confirmation of Rs. 2,48,403 under Section 76 of the Finance Act, 1994 for delayed payment of Service tax on renting premises. Considering the newness of the tax levy and the appellant's good faith in not depositing the tax on time, the Tribunal dropped the penalty under Sections 76 and 77 of the Finance Act, 1994, in line with Section 80. As a result, the penalty demand was set aside, providing relief to the appellant in this matter. Case-Laws Service Tax Thu, 10 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77592