https://www.taxtmi.com/caselaws?id=472 The Tribunal allowed the appeal, setting aside the Revisionary Order that imposed a penalty under Section 76 of the Finance Act, 1994. Relying on precedents, the Tribunal held that if service tax and interest are paid before the show-cause notice, no penalty can be imposed. The appellant, commission agents for M/s. Indian Aluminium Ltd., who failed to obtain Service Tax Registration during a specific period but later paid the liabilities, successfully challenged the penalty. The Tribunal emphasized that timely payment exempts the assessee from penalty, leading to the appeal being allowed and the Revisionary Order overturned. en-us Fri, 31 Mar 2006 00:00:00 +0530 Thu, 18 Jun 2015 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472 The Tribunal allowed the appeal, setting aside the Revisionary Order that imposed a penalty under Section 76 of the Finance Act, 1994. Relying on precedents, the Tribunal held that if service tax and interest are paid before the show-cause notice, no penalty can be imposed. The appellant, commission agents for M/s. Indian Aluminium Ltd., who failed to obtain Service Tax Registration during a specific period but later paid the liabilities, successfully challenged the penalty. The Tribunal emphasized that timely payment exempts the assessee from penalty, leading to the appeal being allowed and the Revisionary Order overturned. Case-Laws Service Tax Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472