https://www.taxtmi.com/caselaws?id=221006 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellant, emphasizing the need for timely payment of service tax and interest to avoid penalties under the Finance Act 1994. The appellant's reliance on a precedent stating that no penalty should be imposed if service tax and interest are paid before the notice was upheld. The judgment aligned with the High Court's ruling in a similar case, leading to the dismissal of the penalty imposed by the authorities. The explanation added to Section 73(3) of the Finance Act 1994 further supported the appellant's position, resulting in the appeal being allowed and the impugned order set aside. en-us Tue, 22 Jan 2013 00:00:00 +0530 Mon, 18 Feb 2013 06:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221006 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellant, emphasizing the need for timely payment of service tax and interest to avoid penalties under the Finance Act 1994. The appellant's reliance on a precedent stating that no penalty should be imposed if service tax and interest are paid before the notice was upheld. The judgment aligned with the High Court's ruling in a similar case, leading to the dismissal of the penalty imposed by the authorities. The explanation added to Section 73(3) of the Finance Act 1994 further supported the appellant's position, resulting in the appeal being allowed and the impugned order set aside. Case-Laws Service Tax Tue, 22 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221006