https://www.taxtmi.com/caselaws?id=2502 The Tribunal set aside penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994 on a Foreign based Company. It found the penalties inapplicable to the Foreign Company based on legal interpretations and previous cases, ruling that the service tax liability rested with the Indian Company. The appeal was allowed, and the penalties were revoked based on the agreement terms and legal citations. en-us Fri, 17 Aug 2007 00:00:00 +0530 Wed, 08 Oct 2008 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2502 The Tribunal set aside penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994 on a Foreign based Company. It found the penalties inapplicable to the Foreign Company based on legal interpretations and previous cases, ruling that the service tax liability rested with the Indian Company. The appeal was allowed, and the penalties were revoked based on the agreement terms and legal citations. Case-Laws Service Tax Fri, 17 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2502