https://www.taxtmi.com/caselaws?id=335335 The Tribunal set aside penalties imposed under sections 76 and 77 of the Finance Act, 1994 on a taxpayer for non-payment of service tax to a foreign commission agent. Despite a bonafide belief based on a withdrawn circular, the Tribunal emphasized the taxpayer's legal obligation to pay service tax, which was eventually paid. Citing precedents, the Tribunal found no malafide intent and upheld the service tax and interest payments, leading to the disposal of the appeals in favor of the taxpayer. en-us Tue, 01 Nov 2016 00:00:00 +0530 Tue, 05 Sep 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335335 The Tribunal set aside penalties imposed under sections 76 and 77 of the Finance Act, 1994 on a taxpayer for non-payment of service tax to a foreign commission agent. Despite a bonafide belief based on a withdrawn circular, the Tribunal emphasized the taxpayer's legal obligation to pay service tax, which was eventually paid. Citing precedents, the Tribunal found no malafide intent and upheld the service tax and interest payments, leading to the disposal of the appeals in favor of the taxpayer. Case-Laws Service Tax Tue, 01 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335335