https://www.taxtmi.com/caselaws?id=215629 The Tribunal set aside the penalty of Rs.1 lakh imposed under Section 76 of the Finance Act, 1994, in an appeal where the appellant contended that they believed the Service Tax liability was due only upon receiving payment from clients. The Tribunal considered the new and disputed nature of the Service Tax liability during the relevant period, leading to a favorable outcome for the appellant based on the arguments presented and the provisions of Section 80. en-us Wed, 04 Jul 2012 00:00:00 +0530 Thu, 09 Aug 2012 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215629 The Tribunal set aside the penalty of Rs.1 lakh imposed under Section 76 of the Finance Act, 1994, in an appeal where the appellant contended that they believed the Service Tax liability was due only upon receiving payment from clients. The Tribunal considered the new and disputed nature of the Service Tax liability during the relevant period, leading to a favorable outcome for the appellant based on the arguments presented and the provisions of Section 80. Case-Laws Service Tax Wed, 04 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215629