https://www.taxtmi.com/caselaws?id=245563 The Appellate Tribunal CESTAT MUMBAI dismissed the revenue's appeal against the setting aside of the penalty under Section 78 of the Finance Act, 1994. The Tribunal upheld the decision of the Commissioner (Appeals), ruling in favor of the respondent. It was determined that the respondent should be granted the benefit of Section 80 of the Finance Act, 1994, as they would have taken credit if the service tax had been paid on time. Therefore, the penalty under Section 78 was not imposed, and the impugned order was upheld. en-us Mon, 30 Dec 2013 00:00:00 +0530 Thu, 27 Nov 2014 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245563 The Appellate Tribunal CESTAT MUMBAI dismissed the revenue's appeal against the setting aside of the penalty under Section 78 of the Finance Act, 1994. The Tribunal upheld the decision of the Commissioner (Appeals), ruling in favor of the respondent. It was determined that the respondent should be granted the benefit of Section 80 of the Finance Act, 1994, as they would have taken credit if the service tax had been paid on time. Therefore, the penalty under Section 78 was not imposed, and the impugned order was upheld. Case-Laws Service Tax Mon, 30 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245563