Petitioner Settles Tax Liability Promptly, Avoids Penalty Due to Lack of Willful Suppression of Facts.

Petitioner Settles Tax Liability Promptly, Avoids Penalty Due to Lack of Willful Suppression of Facts. https://www.taxtmi.com/highlights?id=34569 Presence of mens rea - immediately after initiation of investigation and upon service of notice of investigation by respondents No.1 and 2, the petitioner had already discharged its tax liability before issuance of show cause notice and paid the service tax liability - There is no willful suppression of facts to evade tax - No penalty - HC en-us Fri, 28 Apr 2017 16:15:58 +0530 Fri, 28 Apr 2017 16:15:58 +0530 TaxTMI RSS Generator Petitioner Settles Tax Liability Promptly, Avoids Penalty Due to Lack of Willful Suppression of Facts. https://www.taxtmi.com/highlights?id=34569 Presence of mens rea - immediately after initiation of investigation and upon service of notice of investigation by respondents No.1 and 2, the petitioner had already discharged its tax liability before issuance of show cause notice and paid the service tax liability - There is no willful suppression of facts to evade tax - No penalty - HC Highlights Service Tax Fri, 28 Apr 2017 16:15:58 +0530 https://www.taxtmi.com/highlights?id=34569