https://www.taxtmi.com/caselaws?id=237356 The High Court upheld the Customs, Excise & Service Tax Appellate Tribunal's decision to set aside the penalty imposed under Sections 76 and 78 of the Finance Act, 1994. The Court agreed with the Tribunal's reasoning that the service tax payment was revenue neutral due to the availability of Cenvat credit, indicating no deliberate tax evasion. Consequently, the Court dismissed the appeals, finding no merit in them and declining to award costs. en-us Wed, 28 Mar 2012 00:00:00 +0530 Wed, 16 Jul 2014 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237356 The High Court upheld the Customs, Excise & Service Tax Appellate Tribunal's decision to set aside the penalty imposed under Sections 76 and 78 of the Finance Act, 1994. The Court agreed with the Tribunal's reasoning that the service tax payment was revenue neutral due to the availability of Cenvat credit, indicating no deliberate tax evasion. Consequently, the Court dismissed the appeals, finding no merit in them and declining to award costs. Case-Laws Service Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237356