https://www.taxtmi.com/caselaws?id=207906 The Appellate Tribunal confirmed a service tax demand and penalties under sections 78 and 76 of the Finance Act, 1994, against the appellants for arranging finances/loans for car customers. The Tribunal considered precedents but ultimately set aside the penalties, following the decision in a similar case. The judgment emphasized that the issue was a bona fide interpretation of the law without any mala fide intent or suppression, leading to the disposal of the appeal without penalties imposed on the appellants. en-us Wed, 07 Sep 2011 00:00:00 +0530 Wed, 28 Dec 2011 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207906 The Appellate Tribunal confirmed a service tax demand and penalties under sections 78 and 76 of the Finance Act, 1994, against the appellants for arranging finances/loans for car customers. The Tribunal considered precedents but ultimately set aside the penalties, following the decision in a similar case. The judgment emphasized that the issue was a bona fide interpretation of the law without any mala fide intent or suppression, leading to the disposal of the appeal without penalties imposed on the appellants. Case-Laws Service Tax Wed, 07 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207906