https://www.taxtmi.com/caselaws?id=213248 The Appellate Tribunal CESTAT, Chennai, ruled in favor of the assessees, who were penalized for late payment of service tax. The Tribunal held that when service tax is paid with interest, even if delayed, no penalty for failure to pay tax on time should be imposed. Relying on past decisions and a CBEC Circular, the Tribunal set aside the penalty imposed by the Commissioner under Section 76 of the Finance Act, 1994. The appeal was allowed without predeposit of the penalty, providing relief to the assessees engaged in providing photography services. en-us Mon, 19 Sep 2011 00:00:00 +0530 Tue, 08 Jul 2014 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213248 The Appellate Tribunal CESTAT, Chennai, ruled in favor of the assessees, who were penalized for late payment of service tax. The Tribunal held that when service tax is paid with interest, even if delayed, no penalty for failure to pay tax on time should be imposed. Relying on past decisions and a CBEC Circular, the Tribunal set aside the penalty imposed by the Commissioner under Section 76 of the Finance Act, 1994. The appeal was allowed without predeposit of the penalty, providing relief to the assessees engaged in providing photography services. Case-Laws Service Tax Mon, 19 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213248