https://www.taxtmi.com/caselaws?id=233365 The Appellate Tribunal CESTAT Ahmedabad set aside penalties imposed under Sections 76, 77 & 78 of the Finance Act, 1994, in a case involving non-discharge of Service Tax liability by a construction company working for BSNL. The Tribunal invoked Section 80 of the Finance Act, 1994, to waive penalties due to the appellant's proactive payment of a significant portion of the tax before formal proceedings. Emphasizing the importance of incentivizing tax compliance, the Tribunal's decision aimed to encourage voluntary rectification of lapses by taxpayers. en-us Tue, 19 Mar 2013 00:00:00 +0530 Tue, 07 Jan 2014 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233365 The Appellate Tribunal CESTAT Ahmedabad set aside penalties imposed under Sections 76, 77 & 78 of the Finance Act, 1994, in a case involving non-discharge of Service Tax liability by a construction company working for BSNL. The Tribunal invoked Section 80 of the Finance Act, 1994, to waive penalties due to the appellant's proactive payment of a significant portion of the tax before formal proceedings. Emphasizing the importance of incentivizing tax compliance, the Tribunal's decision aimed to encourage voluntary rectification of lapses by taxpayers. Case-Laws Service Tax Tue, 19 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233365