https://www.taxtmi.com/caselaws?id=341190 The court upheld the Customs Excise and Service Tax Appellate Tribunal's decision to delete the penalty imposed on the respondent under Section 73 of the Finance Act, 1994, based on Section 80 of the Act. The court found that the respondent had a bona fide belief regarding tax liability, having paid a significant portion of the dues before the show cause notice. The judgment affirmed the Tribunal's discretion in penalty imposition under Section 80, dismissing the central excise appeal for lack of substantial legal questions and rejecting the challenge to the penalty set-aside decision. en-us Wed, 01 Mar 2017 00:00:00 +0530 Mon, 06 Nov 2017 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341190 The court upheld the Customs Excise and Service Tax Appellate Tribunal's decision to delete the penalty imposed on the respondent under Section 73 of the Finance Act, 1994, based on Section 80 of the Act. The court found that the respondent had a bona fide belief regarding tax liability, having paid a significant portion of the dues before the show cause notice. The judgment affirmed the Tribunal's discretion in penalty imposition under Section 80, dismissing the central excise appeal for lack of substantial legal questions and rejecting the challenge to the penalty set-aside decision. Case-Laws Service Tax Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341190