https://www.taxtmi.com/caselaws?id=107604 Penalties for delayed service tax payment were held unsustainable where non-payment occurred while the assessee was protected by the then prevailing Supreme Court ruling in Laghu Udyog Bharati and tax liability arose only after retrospective validation. The later payment of tax with interest did not, by itself, justify penal action under Sections 76 and 77 of the Finance Act, 1994. The explanation to Section 117 of the Finance Act, 2000 was treated as protecting acts or omissions that were not punishable before the validation regime, so the deletion of penalties was upheld and the Revenue's challenge failed. en-us Fri, 27 Jun 2003 00:00:00 +0530 Fri, 23 Mar 2012 17:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107604 Penalties for delayed service tax payment were held unsustainable where non-payment occurred while the assessee was protected by the then prevailing Supreme Court ruling in Laghu Udyog Bharati and tax liability arose only after retrospective validation. The later payment of tax with interest did not, by itself, justify penal action under Sections 76 and 77 of the Finance Act, 1994. The explanation to Section 117 of the Finance Act, 2000 was treated as protecting acts or omissions that were not punishable before the validation regime, so the deletion of penalties was upheld and the Revenue's challenge failed. Case-Laws Service Tax Fri, 27 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107604