https://www.taxtmi.com/caselaws?id=340953 The Tribunal allowed the appeal filed by M/s. Indian Railway Finance Corporation Limited (M/s. IRFC), setting aside the penalty under Section 77 and 78 of the Finance Act, 1994. The decision was based on the appellant promptly paying the service tax upon realizing their liability and their status as a government agency. The Tribunal considered that the appellant became liable for service tax only after a specific legislative provision came into effect, leading to the conclusion that the penalties were unjustified in this case. en-us Mon, 13 Feb 2017 00:00:00 +0530 Tue, 07 Nov 2017 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340953 The Tribunal allowed the appeal filed by M/s. Indian Railway Finance Corporation Limited (M/s. IRFC), setting aside the penalty under Section 77 and 78 of the Finance Act, 1994. The decision was based on the appellant promptly paying the service tax upon realizing their liability and their status as a government agency. The Tribunal considered that the appellant became liable for service tax only after a specific legislative provision came into effect, leading to the conclusion that the penalties were unjustified in this case. Case-Laws Service Tax Mon, 13 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340953