Tribunal Sets Aside Excess Penalty on Assessee for Timely Service Tax Payment Before Show Cause Notice Issued.

Tribunal Sets Aside Excess Penalty on Assessee for Timely Service Tax Payment Before Show Cause Notice Issued. https://www.taxtmi.com/highlights?id=5639 Penalty - service tax with interest was deposited before issuance of SCN - the assessee has not committed any illegality in not depositing any penalty amount. Penalty levied against the assessee in excess of 25% u/s 76 and 78 of the Finance Act, 1994, has rightly been set aside by the Tribunal - HC en-us Fri, 28 Sep 2012 09:09:33 +0530 Fri, 28 Sep 2012 09:09:33 +0530 TaxTMI RSS Generator Tribunal Sets Aside Excess Penalty on Assessee for Timely Service Tax Payment Before Show Cause Notice Issued. https://www.taxtmi.com/highlights?id=5639 Penalty - service tax with interest was deposited before issuance of SCN - the assessee has not committed any illegality in not depositing any penalty amount. Penalty levied against the assessee in excess of 25% u/s 76 and 78 of the Finance Act, 1994, has rightly been set aside by the Tribunal - HC Highlights Service Tax Fri, 28 Sep 2012 09:09:33 +0530 https://www.taxtmi.com/highlights?id=5639