https://www.taxtmi.com/caselaws?id=212327 Penalty under the Finance Act, 1994 may be waived where the assessee shows reasonable cause, promptly pays the service tax and interest after the lapse is pointed out, and cooperates with the revenue. On these facts, the authority's discretion under the waiver provision was found properly exercised, even though suppression allegations had been raised. The penalty demand was therefore not sustained and the waiver remained undisturbed. en-us Wed, 06 Jul 2011 00:00:00 +0530 Thu, 31 May 2012 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212327 Penalty under the Finance Act, 1994 may be waived where the assessee shows reasonable cause, promptly pays the service tax and interest after the lapse is pointed out, and cooperates with the revenue. On these facts, the authority's discretion under the waiver provision was found properly exercised, even though suppression allegations had been raised. The penalty demand was therefore not sustained and the waiver remained undisturbed. Case-Laws Service Tax Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212327