https://www.taxtmi.com/caselaws?id=241301 The Tribunal waived the requirement of pre-deposit of service tax demand along with interest for the applicants, related to insurance premium payment for an aircraft purchase. The Tribunal found that the penalty was waived under Section 80 of the Finance Act due to a reasonable cause shown by the applicants, leading to the conclusion that the extended period of limitation was not applicable. As a result, the entire demand of dues was waived, and recovery was stayed during the appeal process. en-us Mon, 18 Mar 2013 00:00:00 +0530 Fri, 20 Dec 2013 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241301 The Tribunal waived the requirement of pre-deposit of service tax demand along with interest for the applicants, related to insurance premium payment for an aircraft purchase. The Tribunal found that the penalty was waived under Section 80 of the Finance Act due to a reasonable cause shown by the applicants, leading to the conclusion that the extended period of limitation was not applicable. As a result, the entire demand of dues was waived, and recovery was stayed during the appeal process. Case-Laws Service Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241301