https://www.taxtmi.com/caselaws?id=267243 The tribunal allowed the assessee's appeal, dismissing the Revenue's appeal. The tribunal clarified that the penalty should be 25% of the service tax amount, not the penalty amount. The issue of whether the amended or unamended Section 78 should apply was left open for future consideration. The excess service tax payment was adjusted against the penalty shortfall, with no further amount demanded from the assessee. The adjudicating authority was tasked with verifying the amounts paid, reserving the right to re-adjudicate if necessary. en-us Thu, 16 Jul 2015 00:00:00 +0530 Tue, 17 May 2016 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267243 The tribunal allowed the assessee's appeal, dismissing the Revenue's appeal. The tribunal clarified that the penalty should be 25% of the service tax amount, not the penalty amount. The issue of whether the amended or unamended Section 78 should apply was left open for future consideration. The excess service tax payment was adjusted against the penalty shortfall, with no further amount demanded from the assessee. The adjudicating authority was tasked with verifying the amounts paid, reserving the right to re-adjudicate if necessary. Case-Laws Service Tax Thu, 16 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267243