https://www.taxtmi.com/caselaws?id=175613 Penalty for delayed service tax payment and delayed return filing was examined on the question whether reasonable cause under Section 80 of the Finance Act, 1994 justified waiver or reduction. The appellant was already registered and aware of the service tax liability, so financial crisis was not accepted as reasonable cause for full exemption from penalty. However, payment of tax and interest before the show cause notice, together with the surrounding circumstances, supported partial relief. Full waiver was denied, but the penalty was reduced. en-us Thu, 30 Nov 2006 00:00:00 +0530 Mon, 30 Nov 2015 10:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175613 Penalty for delayed service tax payment and delayed return filing was examined on the question whether reasonable cause under Section 80 of the Finance Act, 1994 justified waiver or reduction. The appellant was already registered and aware of the service tax liability, so financial crisis was not accepted as reasonable cause for full exemption from penalty. However, payment of tax and interest before the show cause notice, together with the surrounding circumstances, supported partial relief. Full waiver was denied, but the penalty was reduced. Case-Laws Service Tax Thu, 30 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175613