https://www.taxtmi.com/caselaws?id=254569 The appeal against penalties imposed under Sec. 76 & 78 of the Finance Act, 1994 was allowed by the Appellate Tribunal CESTAT AHMEDABAD. The appellant's payment of the entire duty liability along with interest, lack of service tax charged from ICICI, and the disputable nature of service tax implications on their activities led to the conclusion that no motive for evading service tax could be attributed. The appellant's valid reason for non-imposition of penalties under Sec. 76 & 78 was accepted, citing provisions of Sec. 80 of the Finance Act, 1994. en-us Tue, 03 Sep 2013 00:00:00 +0530 Thu, 25 Dec 2014 13:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254569 The appeal against penalties imposed under Sec. 76 & 78 of the Finance Act, 1994 was allowed by the Appellate Tribunal CESTAT AHMEDABAD. The appellant's payment of the entire duty liability along with interest, lack of service tax charged from ICICI, and the disputable nature of service tax implications on their activities led to the conclusion that no motive for evading service tax could be attributed. The appellant's valid reason for non-imposition of penalties under Sec. 76 & 78 was accepted, citing provisions of Sec. 80 of the Finance Act, 1994. Case-Laws Service Tax Tue, 03 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254569