https://www.taxtmi.com/caselaws?id=336353 The High Court set aside the penalty imposed on the appellant for failure to discharge tax obligations as a provider of 'commercial or industrial construction service' for a specific period. The appellant had paid a significant amount towards the tax liability and argued their exemption belief due to engaging in exempted activities for the government. The court found that the appellant genuinely believed they were not liable for tax, leading to the penalty under section 78 of the Finance Act, 1994, being set aside, and the appeal allowed under section 80 of the same Act. en-us Mon, 01 Aug 2016 00:00:00 +0530 Tue, 20 Dec 2016 09:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336353 The High Court set aside the penalty imposed on the appellant for failure to discharge tax obligations as a provider of 'commercial or industrial construction service' for a specific period. The appellant had paid a significant amount towards the tax liability and argued their exemption belief due to engaging in exempted activities for the government. The court found that the appellant genuinely believed they were not liable for tax, leading to the penalty under section 78 of the Finance Act, 1994, being set aside, and the appeal allowed under section 80 of the same Act. Case-Laws Service Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336353