https://www.taxtmi.com/caselaws?id=262879 The court upheld the imposition of penalties under Sections 77 and 78 of the Finance Act, 1994, in an appeal case involving non-remittance of service tax and suppression of facts by the respondent-assessee. Despite the assessee's argument of lack of knowledge about tax liability, the court emphasized the need for compliance with tax laws and rejected claims of ignorance. Citing legal principles and precedents, the court found penalties unavoidable, clarifying that 25% of the penalty amount must be remitted by the assessee as per the second proviso to Section 78. The Revenue's appeal was allowed, reinstating the penalties dropped by the appellate authority. en-us Thu, 09 Apr 2015 00:00:00 +0530 Fri, 16 Oct 2015 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262879 The court upheld the imposition of penalties under Sections 77 and 78 of the Finance Act, 1994, in an appeal case involving non-remittance of service tax and suppression of facts by the respondent-assessee. Despite the assessee's argument of lack of knowledge about tax liability, the court emphasized the need for compliance with tax laws and rejected claims of ignorance. Citing legal principles and precedents, the court found penalties unavoidable, clarifying that 25% of the penalty amount must be remitted by the assessee as per the second proviso to Section 78. The Revenue's appeal was allowed, reinstating the penalties dropped by the appellate authority. Case-Laws Service Tax Thu, 09 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262879