https://www.taxtmi.com/caselaws?id=202522 The Tribunal dismissed the appeal for waiver of penalty and interest, emphasizing that interest compensates for lost revenue collection time and penalties deter future law breaches. The decision underscores the significance of tax compliance and deterrence, denying the appellant's relief request. en-us Fri, 10 Dec 2010 00:00:00 +0530 Thu, 31 Mar 2011 23:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202522 The Tribunal dismissed the appeal for waiver of penalty and interest, emphasizing that interest compensates for lost revenue collection time and penalties deter future law breaches. The decision underscores the significance of tax compliance and deterrence, denying the appellant's relief request. Case-Laws Service Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202522