https://www.taxtmi.com/caselaws?id=263271 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 76 of the Finance Act for delayed payment of service tax. The Tribunal found the delay in payment to be genuine and justified, emphasizing that the appellants had paid the interest amount during an audit and there was no active suppression. Drawing on previous decisions, the Tribunal concluded that the penalty was not sustainable in this case, aligning with principles established in similar rulings. 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 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 76 of the Finance Act for delayed payment of service tax. The Tribunal found the delay in payment to be genuine and justified, emphasizing that the appellants had paid the interest amount during an audit and there was no active suppression. Drawing on previous decisions, the Tribunal concluded that the penalty was not sustainable in this case, aligning with principles established in similar rulings. Case-Laws Service Tax Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263271