https://www.taxtmi.com/caselaws?id=338976 The penalties imposed on the appellant under sections 77 & 78 of the Finance Act 1994 for delays in depositing service tax on sponsorship services were set aside. The Tribunal ruled in favor of the appellant, emphasizing that as per the law, if service tax is paid before the issuance of a notice, no further penalty is warranted. The appellant had disclosed all relevant facts to the Revenue, and there was no suppression or misstatement. Therefore, the appeal was allowed, and the penalties were overturned. en-us Mon, 09 Jan 2017 00:00:00 +0530 Sat, 02 Sep 2017 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338976 The penalties imposed on the appellant under sections 77 & 78 of the Finance Act 1994 for delays in depositing service tax on sponsorship services were set aside. The Tribunal ruled in favor of the appellant, emphasizing that as per the law, if service tax is paid before the issuance of a notice, no further penalty is warranted. The appellant had disclosed all relevant facts to the Revenue, and there was no suppression or misstatement. Therefore, the appeal was allowed, and the penalties were overturned. Case-Laws Service Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338976