https://www.taxtmi.com/caselaws?id=219 SC upheld penalties for delayed service tax payment between 1999-2001. Tribunal rejected assessee's claim of financial hardship as reasonable cause under Section 76 and Section 80 of Finance Act, 1994. Original penalties equivalent to service tax amounts were reinstated, with the court ruling that involvement with unlawful entities does not justify penalty reduction. en-us Tue, 12 Oct 2004 00:00:00 +0530 Thu, 12 Jun 2025 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219 SC upheld penalties for delayed service tax payment between 1999-2001. Tribunal rejected assessee's claim of financial hardship as reasonable cause under Section 76 and Section 80 of Finance Act, 1994. Original penalties equivalent to service tax amounts were reinstated, with the court ruling that involvement with unlawful entities does not justify penalty reduction. Case-Laws Service Tax Tue, 12 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219