https://www.taxtmi.com/caselaws?id=339267 Disclosed transactions, tax payments through challans and Cenvat credit, and interest for delayed payment were treated as sufficient to show that no surviving short payment remained after reconciliation; the demand for service tax was therefore set aside, subject only to limited verification of challans and arithmetical adjustment on remand. As the factual basis for short payment failed, the Tribunal held that penalties under Sections 76, 77 and 78 of the Finance Act, 1994 could not survive and set them aside. Relief was granted on tax and penalty, with remand confined to payment verification and consequential adjustment or refund, if any. en-us Mon, 16 Jan 2017 00:00:00 +0530 Thu, 23 Feb 2017 06:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339267 Disclosed transactions, tax payments through challans and Cenvat credit, and interest for delayed payment were treated as sufficient to show that no surviving short payment remained after reconciliation; the demand for service tax was therefore set aside, subject only to limited verification of challans and arithmetical adjustment on remand. As the factual basis for short payment failed, the Tribunal held that penalties under Sections 76, 77 and 78 of the Finance Act, 1994 could not survive and set them aside. Relief was granted on tax and penalty, with remand confined to payment verification and consequential adjustment or refund, if any. Case-Laws Service Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339267