https://www.taxtmi.com/caselaws?id=251423 The High Court upheld the Revenue's jurisdiction under Section 73 of the Finance Act, confirming the validity of the show cause notice issued to the assessee. The court removed the penalty imposed due to lack of evidence but upheld the levy of interest, distinguishing between interest as compensatory and penalty as punitive. The judgment aligned with previous rulings on interest payment's mandatory nature under Section 75. The court's decision addressed the appeal's substantial legal questions, ruling in accordance with the findings and not awarding costs. en-us Thu, 04 Sep 2014 00:00:00 +0530 Sat, 13 Sep 2014 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251423 The High Court upheld the Revenue's jurisdiction under Section 73 of the Finance Act, confirming the validity of the show cause notice issued to the assessee. The court removed the penalty imposed due to lack of evidence but upheld the levy of interest, distinguishing between interest as compensatory and penalty as punitive. The judgment aligned with previous rulings on interest payment's mandatory nature under Section 75. The court's decision addressed the appeal's substantial legal questions, ruling in accordance with the findings and not awarding costs. Case-Laws Service Tax Thu, 04 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251423