https://www.taxtmi.com/caselaws?id=210227 Where service tax and interest were paid before issuance of the show cause notice, the assessee was entitled to the statutory reduced penalty benefit under the proviso to Section 78 of the Finance Act, 1994. The Tribunal noted that the liability had already been discharged and the lower authorities had imposed penalty without extending the option to pay the reduced amount. The operative effect was that the assessee could discharge 25% of the penalty within 30 days, failing which the original penalty would remain payable. en-us Thu, 30 Jun 2011 00:00:00 +0530 Fri, 23 Nov 2012 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210227 Where service tax and interest were paid before issuance of the show cause notice, the assessee was entitled to the statutory reduced penalty benefit under the proviso to Section 78 of the Finance Act, 1994. The Tribunal noted that the liability had already been discharged and the lower authorities had imposed penalty without extending the option to pay the reduced amount. The operative effect was that the assessee could discharge 25% of the penalty within 30 days, failing which the original penalty would remain payable. Case-Laws Service Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210227