https://www.taxtmi.com/caselaws?id=107744 The Appellate Tribunal upheld the Commissioner (Appeals)' decision to set aside the penalty imposed on the respondent-company, an Association for Economic Affairs of the Ministry for Economic Affairs and Trade of the Russian Federation. The Tribunal found that the respondent had a reasonable cause for the failure to pay service tax, as they believed the tax liability was on Rourkela Steel Plant and acted promptly upon becoming aware of the obligation. The Tribunal emphasized that penalties should not be imposed for technical breaches or bona fide beliefs, leading to the rejection of the Revenue's appeal. en-us Thu, 10 Jul 2003 00:00:00 +0530 Mon, 26 Mar 2012 13:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107744 The Appellate Tribunal upheld the Commissioner (Appeals)' decision to set aside the penalty imposed on the respondent-company, an Association for Economic Affairs of the Ministry for Economic Affairs and Trade of the Russian Federation. The Tribunal found that the respondent had a reasonable cause for the failure to pay service tax, as they believed the tax liability was on Rourkela Steel Plant and acted promptly upon becoming aware of the obligation. The Tribunal emphasized that penalties should not be imposed for technical breaches or bona fide beliefs, leading to the rejection of the Revenue's appeal. Case-Laws Service Tax Thu, 10 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107744