https://www.taxtmi.com/caselaws?id=244451 Penalty for failure to pay service tax on renting of immovable property was not sustainable where the assessee had paid the tax and interest within the prescribed period and thereby satisfied the statutory waiver condition. The underlying tax demand and interest remained undisturbed, but the penalty was set aside because the scheme expressly barred penalty once full payment with interest was made in time. The operative principle is that timely discharge of tax and interest attracts penalty immunity under the waiver provision, even though the service tax liability itself continues. en-us Tue, 07 Jan 2014 00:00:00 +0530 Mon, 19 Jan 2015 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244451 Penalty for failure to pay service tax on renting of immovable property was not sustainable where the assessee had paid the tax and interest within the prescribed period and thereby satisfied the statutory waiver condition. The underlying tax demand and interest remained undisturbed, but the penalty was set aside because the scheme expressly barred penalty once full payment with interest was made in time. The operative principle is that timely discharge of tax and interest attracts penalty immunity under the waiver provision, even though the service tax liability itself continues. Case-Laws Service Tax Tue, 07 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244451