https://www.taxtmi.com/caselaws?id=335581 The judge ruled in favor of the appellant in an appeal against penalties under Section 77 & 78 of the Finance Act, 1994 for leasing activities. The court found that the appellant had promptly paid service tax with interest upon lessee's advice, complying with the requirements of the law. As the appellant had already paid VAT on the lease amounts, the judge concluded that there was no suppression of facts and set aside the penalty-imposing order. The appeal was allowed, and no penalties were deemed applicable in this case. en-us Wed, 24 Aug 2016 00:00:00 +0530 Mon, 05 Dec 2016 12:37:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335581 The judge ruled in favor of the appellant in an appeal against penalties under Section 77 & 78 of the Finance Act, 1994 for leasing activities. The court found that the appellant had promptly paid service tax with interest upon lessee's advice, complying with the requirements of the law. As the appellant had already paid VAT on the lease amounts, the judge concluded that there was no suppression of facts and set aside the penalty-imposing order. The appeal was allowed, and no penalties were deemed applicable in this case. Case-Laws Service Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335581