https://www.taxtmi.com/caselaws?id=286 The appeal was dismissed by the Appellate Tribunal CESTAT - Chennai, upholding penalties and interest imposed on the appellants for delay in payment of service tax and filing of service tax returns. The Tribunal rejected the appellants' arguments for exoneration from penalties due to financial crisis, stating financial hardships do not qualify as a reasonable cause. The matter was remanded for the correction of interest calculation errors for a specific period. en-us Mon, 07 Nov 2005 00:00:00 +0530 Sun, 08 May 2011 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286 The appeal was dismissed by the Appellate Tribunal CESTAT - Chennai, upholding penalties and interest imposed on the appellants for delay in payment of service tax and filing of service tax returns. The Tribunal rejected the appellants' arguments for exoneration from penalties due to financial crisis, stating financial hardships do not qualify as a reasonable cause. The matter was remanded for the correction of interest calculation errors for a specific period. Case-Laws Service Tax Mon, 07 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286