https://www.taxtmi.com/caselaws?id=333892 The tribunal set aside the penalty imposed under Section 76 of the Finance Act, 1994, in an appeal concerning service tax payment discrepancies. The appellant voluntarily paid the duty liability post due date and settled the interest liability, leading the tribunal to deem the penalty unjust. Citing relevant case laws, the tribunal held that the penalty should have been waived under Section 80 of the Act. As a result, the appeal was allowed based on the unfair imposition of the penalty. en-us Fri, 09 Sep 2016 00:00:00 +0530 Thu, 27 Oct 2016 09:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333892 The tribunal set aside the penalty imposed under Section 76 of the Finance Act, 1994, in an appeal concerning service tax payment discrepancies. The appellant voluntarily paid the duty liability post due date and settled the interest liability, leading the tribunal to deem the penalty unjust. Citing relevant case laws, the tribunal held that the penalty should have been waived under Section 80 of the Act. As a result, the appeal was allowed based on the unfair imposition of the penalty. Case-Laws Service Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333892