https://www.taxtmi.com/caselaws?id=204975 Penalty under Sections 76, 77 and 78 of the Finance Act, 1994 was set aside because the assessee showed reasonable cause and bona fide belief within Section 80. The service tax was already paid with interest and the demand itself was not disputed; the controversy concerned only penalty. As the taxable entry had changed during the relevant period, including expansion of the category and substitution of wording, the assessee's belief that it was not liable was treated as reasonable. Penalty relief was therefore granted, while the service tax demand remained undisturbed. en-us Wed, 03 Nov 2010 00:00:00 +0530 Fri, 20 May 2011 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204975 Penalty under Sections 76, 77 and 78 of the Finance Act, 1994 was set aside because the assessee showed reasonable cause and bona fide belief within Section 80. The service tax was already paid with interest and the demand itself was not disputed; the controversy concerned only penalty. As the taxable entry had changed during the relevant period, including expansion of the category and substitution of wording, the assessee's belief that it was not liable was treated as reasonable. Penalty relief was therefore granted, while the service tax demand remained undisturbed. Case-Laws Service Tax Wed, 03 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204975