https://www.taxtmi.com/caselaws?id=241760 The Tribunal allowed the appeal, overturning the penalties imposed on the appellants for not paying Service Tax on consideration received from a bank between July 2003 and September 2004. The confusion surrounding the scope of "Business Auxiliary Service" during the initial implementation phase was considered, leading to the setting aside of penalties imposed by the Commissioner (Appeals). The Tribunal recognized the circumstances that led to the delayed tax remittance and justified the invocation of Section 80 of the Finance Act, 1994, in such situations. en-us Tue, 15 May 2012 00:00:00 +0530 Tue, 31 Dec 2013 10:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241760 The Tribunal allowed the appeal, overturning the penalties imposed on the appellants for not paying Service Tax on consideration received from a bank between July 2003 and September 2004. The confusion surrounding the scope of "Business Auxiliary Service" during the initial implementation phase was considered, leading to the setting aside of penalties imposed by the Commissioner (Appeals). The Tribunal recognized the circumstances that led to the delayed tax remittance and justified the invocation of Section 80 of the Finance Act, 1994, in such situations. Case-Laws Service Tax Tue, 15 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241760