https://www.taxtmi.com/caselaws?id=264839 The Tribunal set aside the penalty under section 78 of the Finance Act in an appeal against an Order-in-Appeal confirming service tax demand, interest, and penalty. The appellant, an authorized dealer, received commission from banks and Maruti Finance Ltd. The confusion over tax liability on the commission from Maruti Finance Ltd., coupled with the appellant's voluntary deposit and compliance with service tax on bank commissions, led the Tribunal to find in favor of the appellant. The Tribunal considered the appellant's bonafide belief, supported by a clarificatory circular, and precedent where a similar penalty was overturned, granting relief in this case. en-us Thu, 09 Jul 2015 00:00:00 +0530 Sat, 03 Oct 2015 22:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264839 The Tribunal set aside the penalty under section 78 of the Finance Act in an appeal against an Order-in-Appeal confirming service tax demand, interest, and penalty. The appellant, an authorized dealer, received commission from banks and Maruti Finance Ltd. The confusion over tax liability on the commission from Maruti Finance Ltd., coupled with the appellant's voluntary deposit and compliance with service tax on bank commissions, led the Tribunal to find in favor of the appellant. The Tribunal considered the appellant's bonafide belief, supported by a clarificatory circular, and precedent where a similar penalty was overturned, granting relief in this case. Case-Laws Service Tax Thu, 09 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264839