https://www.taxtmi.com/caselaws?id=263271 Penalty under Section 76 of the Finance Act, 1994 was held unsustainable where service tax and interest for delayed payment had been remitted before the show cause notice, and the delay was shown to be bona fide. The Tribunal treated the delay as arising from the time needed to collect and compile data from multiple turnkey project sites, and found no active suppression or deliberate default. On those facts, the matter was considered comparable to cases where the statutory relaxation from penalty is available under the Section 73(3) framework, and the penalty was set aside. en-us Fri, 19 Dec 2014 00:00:00 +0530 Sat, 29 Aug 2015 06:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263271 Penalty under Section 76 of the Finance Act, 1994 was held unsustainable where service tax and interest for delayed payment had been remitted before the show cause notice, and the delay was shown to be bona fide. The Tribunal treated the delay as arising from the time needed to collect and compile data from multiple turnkey project sites, and found no active suppression or deliberate default. On those facts, the matter was considered comparable to cases where the statutory relaxation from penalty is available under the Section 73(3) framework, and the penalty was set aside. Case-Laws Service Tax Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263271