https://www.taxtmi.com/caselaws?id=220530 The appeal was filed by the Revenue challenging the non-imposition of penalty under Section 76 of the Finance Act, 1994, invoking Section 80 of the same Act. The Tribunal upheld the lower authorities' decision, noting that the assessee had rectified the short payment of Service Tax before receiving the show cause notice, demonstrating no intent to evade tax. Citing relevant precedents, the Tribunal affirmed that penalty under Section 80 could be waived in such circumstances. Consequently, the Tribunal rejected the Revenue's appeal, affirming the legality of the initial order. en-us Tue, 15 Jan 2013 00:00:00 +0530 Mon, 28 Jan 2013 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220530 The appeal was filed by the Revenue challenging the non-imposition of penalty under Section 76 of the Finance Act, 1994, invoking Section 80 of the same Act. The Tribunal upheld the lower authorities' decision, noting that the assessee had rectified the short payment of Service Tax before receiving the show cause notice, demonstrating no intent to evade tax. Citing relevant precedents, the Tribunal affirmed that penalty under Section 80 could be waived in such circumstances. Consequently, the Tribunal rejected the Revenue's appeal, affirming the legality of the initial order. Case-Laws Service Tax Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220530