https://www.taxtmi.com/caselaws?id=233953 The Tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994, due to the unsettled nature of the interpretation issue regarding service tax liability on renting immovable properties. The appellant's appeal to overturn penalties under Sections 76, 77 & 78 was successful, with the Tribunal finding the penalty under Section 78 incorrectly upheld. The judgment emphasized the need for clarity in interpreting the law in such cases, leading to the penalties being set aside. en-us Mon, 18 Mar 2013 00:00:00 +0530 Tue, 07 Jan 2014 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233953 The Tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994, due to the unsettled nature of the interpretation issue regarding service tax liability on renting immovable properties. The appellant's appeal to overturn penalties under Sections 76, 77 & 78 was successful, with the Tribunal finding the penalty under Section 78 incorrectly upheld. The judgment emphasized the need for clarity in interpreting the law in such cases, leading to the penalties being set aside. Case-Laws Service Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233953