https://www.taxtmi.com/caselaws?id=335090 The Tribunal upheld the Service Tax liability and interest but set aside the penalties imposed on the appellant based on their bonafide belief regarding the taxability of the services provided. The decision emphasized the importance of specific reporting and declarations made by the appellant in determining a bonafide belief, ultimately invoking Section 80 of the Finance Act, 1994, to relieve the appellant of the penalties. en-us Thu, 31 Mar 2016 00:00:00 +0530 Fri, 25 Nov 2016 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335090 The Tribunal upheld the Service Tax liability and interest but set aside the penalties imposed on the appellant based on their bonafide belief regarding the taxability of the services provided. The decision emphasized the importance of specific reporting and declarations made by the appellant in determining a bonafide belief, ultimately invoking Section 80 of the Finance Act, 1994, to relieve the appellant of the penalties. Case-Laws Service Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335090