https://www.taxtmi.com/caselaws?id=241768 The Tribunal dismissed the Revenue's appeal against penalties imposed under Sections 76 and 78 of the Finance Act, 1994. It ruled in favor of the Respondents, finding that the shortfall in service tax payment was due to a calculation error and not intentional evasion. The Tribunal considered the Respondents' prompt rectification of the shortfall and payment of interest for the delay, concluding that no penalties were justified in this case. en-us Wed, 11 Sep 2013 00:00:00 +0530 Tue, 31 Dec 2013 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241768 The Tribunal dismissed the Revenue's appeal against penalties imposed under Sections 76 and 78 of the Finance Act, 1994. It ruled in favor of the Respondents, finding that the shortfall in service tax payment was due to a calculation error and not intentional evasion. The Tribunal considered the Respondents' prompt rectification of the shortfall and payment of interest for the delay, concluding that no penalties were justified in this case. Case-Laws Service Tax Wed, 11 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241768