https://www.taxtmi.com/caselaws?id=978 The Tribunal set aside penalties and interest imposed on a security services company's Managing Director for failure to discharge Service Tax liability. The Assistant Commissioner's rectification order, enhancing penalties, exceeded the scope of rectification powers. The Tribunal ruled that a change of opinion does not warrant rectification and noted the appellant's timely tax payment before the Show Cause Notice exempted them from penalties. The Tribunal allowed adjustment of the tax amount paid against the liability, emphasizing the importance of timely payments and granted relief from penalties and interest, citing legal provisions and precedents. en-us Fri, 27 Oct 2006 00:00:00 +0530 Tue, 01 Jul 2008 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=978 The Tribunal set aside penalties and interest imposed on a security services company's Managing Director for failure to discharge Service Tax liability. The Assistant Commissioner's rectification order, enhancing penalties, exceeded the scope of rectification powers. The Tribunal ruled that a change of opinion does not warrant rectification and noted the appellant's timely tax payment before the Show Cause Notice exempted them from penalties. The Tribunal allowed adjustment of the tax amount paid against the liability, emphasizing the importance of timely payments and granted relief from penalties and interest, citing legal provisions and precedents. Case-Laws Service Tax Fri, 27 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=978