https://www.taxtmi.com/caselaws?id=2781 BIFR-declared sickness can constitute reasonable cause under Section 80 of the Finance Act, 1994 for delayed payment of service tax, so penalty under Section 76 may be waived where the default stems from a precarious financial condition and an ongoing rehabilitation scheme. However, sickness does not by itself excuse the separate statutory obligation to file service tax returns, and financial hardship is not sufficient cause for non-filing. On that basis, relief was available for the penalty linked to delayed payment, while the penalty for failure to file returns remained sustained. en-us Tue, 16 Oct 2007 00:00:00 +0530 Wed, 19 Mar 2014 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2781 BIFR-declared sickness can constitute reasonable cause under Section 80 of the Finance Act, 1994 for delayed payment of service tax, so penalty under Section 76 may be waived where the default stems from a precarious financial condition and an ongoing rehabilitation scheme. However, sickness does not by itself excuse the separate statutory obligation to file service tax returns, and financial hardship is not sufficient cause for non-filing. On that basis, relief was available for the penalty linked to delayed payment, while the penalty for failure to file returns remained sustained. Case-Laws Service Tax Tue, 16 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2781