https://www.taxtmi.com/caselaws?id=2783 The appellant, engaged in arranging finance/loans, was found liable to pay service tax under the 'business auxiliary service' category. After promptly paying the due tax and interest upon notification, penalties were imposed under Sections 75A, 76, and 78 of the Finance Act 1994. The Tribunal ruled in favor of the appellant, citing a bona fide belief and the absence of mala fide intention in tax payment. Section 80 was deemed applicable, leading to the setting aside of the Commissioner's penalty imposition and restoration of the Assistant Commissioner's order, ultimately favoring the appellant. en-us Thu, 04 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2783 The appellant, engaged in arranging finance/loans, was found liable to pay service tax under the 'business auxiliary service' category. After promptly paying the due tax and interest upon notification, penalties were imposed under Sections 75A, 76, and 78 of the Finance Act 1994. The Tribunal ruled in favor of the appellant, citing a bona fide belief and the absence of mala fide intention in tax payment. Section 80 was deemed applicable, leading to the setting aside of the Commissioner's penalty imposition and restoration of the Assistant Commissioner's order, ultimately favoring the appellant. Case-Laws Service Tax Thu, 04 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2783