https://www.taxtmi.com/caselaws?id=240437 The Tribunal held that the respondents were not entitled to the benefit of Notification 56/98-ST as they provided security services to banks, safeguarding buildings and assets, not safe deposit lockers or vaults specified in the notification. Penalties under section 80 of the Finance Act were waived as the respondents proved reasonable cause for the failure, being registered and paying service tax correctly. The appeal focused on interpreting the Notification and the Tribunal's decision centered on the service nature provided by the respondents, leading to the denial of the benefit and the waiver of penalties. en-us Fri, 18 Oct 2013 00:00:00 +0530 Thu, 01 May 2014 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240437 The Tribunal held that the respondents were not entitled to the benefit of Notification 56/98-ST as they provided security services to banks, safeguarding buildings and assets, not safe deposit lockers or vaults specified in the notification. Penalties under section 80 of the Finance Act were waived as the respondents proved reasonable cause for the failure, being registered and paying service tax correctly. The appeal focused on interpreting the Notification and the Tribunal's decision centered on the service nature provided by the respondents, leading to the denial of the benefit and the waiver of penalties. Case-Laws Service Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240437