https://www.taxtmi.com/caselaws?id=120694 The Tribunal set aside the waiver of the penalty under section 76 of the Finance Act 1994, initially granted by the Commissioner (Appeals) for the late payment of service tax by a Tour Operator Service. The Tribunal ruled that payment of the tax before the issuance of a show cause notice does not exempt the assessee from penalties. Penalties under sections 77 and 75A were upheld due to the lack of reasonable cause for the delayed payments. The Revenue's appeal was allowed, directing the Adjudicating Officer to reassess the tax liability and impose penalties as per legal requirements. en-us Thu, 30 Nov 2006 00:00:00 +0530 Mon, 12 Feb 2024 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120694 The Tribunal set aside the waiver of the penalty under section 76 of the Finance Act 1994, initially granted by the Commissioner (Appeals) for the late payment of service tax by a Tour Operator Service. The Tribunal ruled that payment of the tax before the issuance of a show cause notice does not exempt the assessee from penalties. Penalties under sections 77 and 75A were upheld due to the lack of reasonable cause for the delayed payments. The Revenue's appeal was allowed, directing the Adjudicating Officer to reassess the tax liability and impose penalties as per legal requirements. Case-Laws Service Tax Thu, 30 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120694