https://www.taxtmi.com/caselaws?id=342890 The Tribunal upheld the decision of the first appellate authority to set aside the penalties imposed under Section 78 of the Finance Act, 1994 on the respondents. It was determined that the delay in tax payment was due to non-receipt of payments from customers, not intentional evasion. The Tribunal directed the respondents to discharge the interest liability within 30 days but rejected the Revenue's appeal to reinstate the penalties, citing justifiable reasons for the delay in tax discharge. The penalty under Section 78 was deemed correctly set aside, and the appeal was dismissed. en-us Tue, 18 Apr 2017 00:00:00 +0530 Thu, 09 Nov 2017 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342890 The Tribunal upheld the decision of the first appellate authority to set aside the penalties imposed under Section 78 of the Finance Act, 1994 on the respondents. It was determined that the delay in tax payment was due to non-receipt of payments from customers, not intentional evasion. The Tribunal directed the respondents to discharge the interest liability within 30 days but rejected the Revenue's appeal to reinstate the penalties, citing justifiable reasons for the delay in tax discharge. The penalty under Section 78 was deemed correctly set aside, and the appeal was dismissed. Case-Laws Service Tax Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342890