https://www.taxtmi.com/caselaws?id=335274 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 78 of the Finance Act. It held that the appellant's timely payment of tax and interest before the show-cause notice, as per Section 73(3), precluded the imposition of the penalty. The Tribunal found no evidence of intentional suppression of facts by the appellant, leading to the conclusion that the penalty was unjustified. The decision underscored the significance of relevant case laws and fair application of legal principles in similar situations. en-us Tue, 20 Sep 2016 00:00:00 +0530 Fri, 01 Sep 2017 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335274 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 78 of the Finance Act. It held that the appellant's timely payment of tax and interest before the show-cause notice, as per Section 73(3), precluded the imposition of the penalty. The Tribunal found no evidence of intentional suppression of facts by the appellant, leading to the conclusion that the penalty was unjustified. The decision underscored the significance of relevant case laws and fair application of legal principles in similar situations. Case-Laws Service Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335274