https://www.taxtmi.com/caselaws?id=16 Penalty for delayed filing of service tax returns and delayed deposit of tax was held unsustainable where the assessee paid the tax with interest, had not collected it from clients, and was dealing with the levy in its first quarter of introduction. Section 68(3) supported delayed payment in the stated circumstances, and Section 80 permitted waiver of penalty on reasonable cause. On that basis, penalty under Sections 76 and 77 was set aside. en-us Wed, 24 Feb 1999 00:00:00 +0530 Tue, 01 Jul 2008 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16 Penalty for delayed filing of service tax returns and delayed deposit of tax was held unsustainable where the assessee paid the tax with interest, had not collected it from clients, and was dealing with the levy in its first quarter of introduction. Section 68(3) supported delayed payment in the stated circumstances, and Section 80 permitted waiver of penalty on reasonable cause. On that basis, penalty under Sections 76 and 77 was set aside. Case-Laws Service Tax Wed, 24 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16