https://www.taxtmi.com/caselaws?id=208389 The Tribunal rejected the Department's appeal, affirming the Commissioner (Appeals) decision to uphold the service tax demand but waive penalties under the Finance Act, 1994. The Tribunal agreed that the respondent had a reasonable cause for not paying the tax promptly due to a genuine misunderstanding of the taxable services involved, leading to the penalties being waived. The Commissioner (Appeals) highlighted the respondent's belief that the taxable event was limited to the bank-borrower transaction, not realizing the separate taxable services provided, and found no evidence of deliberate non-payment. en-us Mon, 14 Feb 2011 00:00:00 +0530 Tue, 21 May 2013 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208389 The Tribunal rejected the Department's appeal, affirming the Commissioner (Appeals) decision to uphold the service tax demand but waive penalties under the Finance Act, 1994. The Tribunal agreed that the respondent had a reasonable cause for not paying the tax promptly due to a genuine misunderstanding of the taxable services involved, leading to the penalties being waived. The Commissioner (Appeals) highlighted the respondent's belief that the taxable event was limited to the bank-borrower transaction, not realizing the separate taxable services provided, and found no evidence of deliberate non-payment. Case-Laws Service Tax Mon, 14 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208389