https://www.taxtmi.com/caselaws?id=166407 The High Court of Karnataka ruled in favor of the assessee, dismissing the Revenue's appeals. The Court upheld the Tribunal's decision to set aside penalties imposed under sections 76 and 77 of the Finance Act. The assessee availed the service tax amnesty scheme, rectified the error by paying the duty, interest, and 25% of the service tax as penalty within 30 days of the order, as per the proviso to section 78. The Court found the penalties under other provisions of the Act to be illegal and supported the Tribunal's decision. en-us Thu, 28 Jul 2011 00:00:00 +0530 Mon, 22 Sep 2014 16:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166407 The High Court of Karnataka ruled in favor of the assessee, dismissing the Revenue's appeals. The Court upheld the Tribunal's decision to set aside penalties imposed under sections 76 and 77 of the Finance Act. The assessee availed the service tax amnesty scheme, rectified the error by paying the duty, interest, and 25% of the service tax as penalty within 30 days of the order, as per the proviso to section 78. The Court found the penalties under other provisions of the Act to be illegal and supported the Tribunal's decision. Case-Laws Service Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166407