https://www.taxtmi.com/caselaws?id=341007 The Tribunal reduced the penalty imposed on the appellants under Section 78 of the Finance Act for service tax liability on Business Auxiliary Services received from an overseas commission agent. Despite acknowledging the appellants' delayed compliance, the penalty was reduced to 25% of the service tax amount following a High Court decision. The appellants agreed to adjust the penalty from the excess payment made, leading to the disposal of the appeal in their favor. en-us Tue, 14 Mar 2017 00:00:00 +0530 Sat, 22 Apr 2017 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341007 The Tribunal reduced the penalty imposed on the appellants under Section 78 of the Finance Act for service tax liability on Business Auxiliary Services received from an overseas commission agent. Despite acknowledging the appellants' delayed compliance, the penalty was reduced to 25% of the service tax amount following a High Court decision. The appellants agreed to adjust the penalty from the excess payment made, leading to the disposal of the appeal in their favor. Case-Laws Service Tax Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341007