https://www.taxtmi.com/caselaws?id=336951 The tribunal set aside penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994, in a case challenging demand confirmation and penalty imposition for service tax on mobilization advances. Relying on precedent, the tribunal found the demand for service tax on advances, when tax had been paid on total service value, unjustified. It upheld confirmation of interest demand but deemed penalties unsustainable, allowing the appeal in part and disposing of the stay application accordingly. The judgment clarified the distinction between mobilization advances and service consideration, providing guidance on penalty applicability based on legal precedents. en-us Wed, 02 Nov 2016 00:00:00 +0530 Thu, 29 Dec 2016 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336951 The tribunal set aside penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994, in a case challenging demand confirmation and penalty imposition for service tax on mobilization advances. Relying on precedent, the tribunal found the demand for service tax on advances, when tax had been paid on total service value, unjustified. It upheld confirmation of interest demand but deemed penalties unsustainable, allowing the appeal in part and disposing of the stay application accordingly. The judgment clarified the distinction between mobilization advances and service consideration, providing guidance on penalty applicability based on legal precedents. Case-Laws Service Tax Wed, 02 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336951