https://www.taxtmi.com/caselaws?id=221458 The appellate tribunal set aside penalties imposed on the appellant under Section 76 & 77 of the Finance Act, 1994. The appellant's timely payment of service tax without a show-cause notice, as allowed under Section 73(3) and supported by a Board circular, rendered the penalties unjustified. The decision emphasizes the significance of prompt tax payments and the legal framework permitting self-ascertainment and payment without formal notice. en-us Thu, 12 Apr 2012 00:00:00 +0530 Tue, 26 Feb 2013 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221458 The appellate tribunal set aside penalties imposed on the appellant under Section 76 & 77 of the Finance Act, 1994. The appellant's timely payment of service tax without a show-cause notice, as allowed under Section 73(3) and supported by a Board circular, rendered the penalties unjustified. The decision emphasizes the significance of prompt tax payments and the legal framework permitting self-ascertainment and payment without formal notice. Case-Laws Service Tax Thu, 12 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221458