https://www.taxtmi.com/caselaws?id=261072 The Tribunal allowed the appeal by M/s. Shridhar Castings Pvt. Ltd. Nagpur, setting aside penalties imposed for delayed payment of service tax. The Tribunal criticized the department for issuing a show cause notice after the appellant rectified the short-payment promptly. Emphasizing the need to adhere to statutory provisions, the Tribunal highlighted the discretion under Section 80 of the Finance Act, 1994, to waive penalties in such cases. The decision underscored the importance of exercising discretion appropriately and closing proceedings upon settlement of tax liability as mandated by law. en-us Thu, 19 Mar 2015 00:00:00 +0530 Wed, 01 Jul 2015 06:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261072 The Tribunal allowed the appeal by M/s. Shridhar Castings Pvt. Ltd. Nagpur, setting aside penalties imposed for delayed payment of service tax. The Tribunal criticized the department for issuing a show cause notice after the appellant rectified the short-payment promptly. Emphasizing the need to adhere to statutory provisions, the Tribunal highlighted the discretion under Section 80 of the Finance Act, 1994, to waive penalties in such cases. The decision underscored the importance of exercising discretion appropriately and closing proceedings upon settlement of tax liability as mandated by law. Case-Laws Service Tax Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261072