https://www.taxtmi.com/caselaws?id=175017 The Tribunal reduced the penalty imposed under Sections 76 & 78 of the Finance Act, 1994 to Rs. 25,000 each for the appellants who promptly paid the service tax along with interest, despite not collecting it from the recipient. The appellants' appeal was allowed, citing their financial difficulties and the recipient's non-payment of the service tax as mitigating factors. en-us Fri, 09 Feb 2007 00:00:00 +0530 Tue, 03 Nov 2015 10:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175017 The Tribunal reduced the penalty imposed under Sections 76 & 78 of the Finance Act, 1994 to Rs. 25,000 each for the appellants who promptly paid the service tax along with interest, despite not collecting it from the recipient. The appellants' appeal was allowed, citing their financial difficulties and the recipient's non-payment of the service tax as mitigating factors. Case-Laws Central Excise Fri, 09 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175017