https://www.taxtmi.com/caselaws?id=261188 The Tribunal ruled in favor of the appellant, a small contractor, in a tax dispute case. Despite not contesting the duty and interest payment, the appellant argued against penalties, emphasizing prompt full payment and reasonable belief in tax applicability under Section 80 of the Finance Act, 1994. The Tribunal agreed that penalties were unwarranted as there was no intent to evade payment, citing lack of separate tax collection evidence and referencing case laws and CBEC Circulars. The appeal was allowed, and the penalties imposed on the appellant were overturned. en-us Fri, 14 Nov 2014 00:00:00 +0530 Sat, 04 Jul 2015 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261188 The Tribunal ruled in favor of the appellant, a small contractor, in a tax dispute case. Despite not contesting the duty and interest payment, the appellant argued against penalties, emphasizing prompt full payment and reasonable belief in tax applicability under Section 80 of the Finance Act, 1994. The Tribunal agreed that penalties were unwarranted as there was no intent to evade payment, citing lack of separate tax collection evidence and referencing case laws and CBEC Circulars. The appeal was allowed, and the penalties imposed on the appellant were overturned. Case-Laws Service Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261188