https://www.taxtmi.com/caselaws?id=220840 The appellant, engaged in Business Auxiliary Services, did not pay Service Tax until 9-7-2004. Despite promptly paying outstanding taxes, penalties were imposed under various sections of the Finance Act, 1994. The appellant's genuine belief in non-liability before 9-7-2004, immediate registration post-exemption withdrawal, and timely tax payments were considered. The Tribunal acknowledged the appellant's bona fide belief, leading to the penalty under Section 78 being set aside. The appellant benefited from Section 73(3) of the Finance Act, 1994, as no further proceedings were initiated due to prompt tax payment. en-us Thu, 05 Jan 2012 00:00:00 +0530 Mon, 11 Aug 2014 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220840 The appellant, engaged in Business Auxiliary Services, did not pay Service Tax until 9-7-2004. Despite promptly paying outstanding taxes, penalties were imposed under various sections of the Finance Act, 1994. The appellant's genuine belief in non-liability before 9-7-2004, immediate registration post-exemption withdrawal, and timely tax payments were considered. The Tribunal acknowledged the appellant's bona fide belief, leading to the penalty under Section 78 being set aside. The appellant benefited from Section 73(3) of the Finance Act, 1994, as no further proceedings were initiated due to prompt tax payment. Case-Laws Service Tax Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220840