https://www.taxtmi.com/caselaws?id=266885 The Tribunal set aside penalties imposed on the appellant for service tax liability on services received from associate companies abroad. The appellant discharged the entire tax liability and argued for penalty waiver due to revenue neutrality and utilization of services for manufacturing. Citing a precedent, the Tribunal found no intent to evade tax, invoking section 80 of the Finance Act. Ultimately, penalties were waived, emphasizing the appellant's compliance with tax obligations and revenue neutrality principles. en-us Wed, 16 Sep 2015 00:00:00 +0530 Mon, 26 Oct 2015 00:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266885 The Tribunal set aside penalties imposed on the appellant for service tax liability on services received from associate companies abroad. The appellant discharged the entire tax liability and argued for penalty waiver due to revenue neutrality and utilization of services for manufacturing. Citing a precedent, the Tribunal found no intent to evade tax, invoking section 80 of the Finance Act. Ultimately, penalties were waived, emphasizing the appellant's compliance with tax obligations and revenue neutrality principles. Case-Laws Service Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266885