https://www.taxtmi.com/caselaws?id=333062 The tribunal set aside the penalty imposed under Section 78 of the Finance Act on the appellant for non-payment of service tax under reverse charge mechanism. The appellant, a motor vehicle parts manufacturer, rectified the tax deficiency upon audit discovery, paying the due tax and interest promptly. Citing Section 73(3), the tribunal found no evidence of tax evasion or suppression of facts by the appellant, leading to the conclusion that the penalty was unjustified. Consequently, the tribunal allowed the appeal, ruling in favor of the appellant. en-us Tue, 20 Sep 2016 00:00:00 +0530 Mon, 03 Oct 2016 00:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333062 The tribunal set aside the penalty imposed under Section 78 of the Finance Act on the appellant for non-payment of service tax under reverse charge mechanism. The appellant, a motor vehicle parts manufacturer, rectified the tax deficiency upon audit discovery, paying the due tax and interest promptly. Citing Section 73(3), the tribunal found no evidence of tax evasion or suppression of facts by the appellant, leading to the conclusion that the penalty was unjustified. Consequently, the tribunal allowed the appeal, ruling in favor of the appellant. Case-Laws Service Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333062