https://www.taxtmi.com/caselaws?id=346776 The Tribunal allowed the appeal, setting aside the penalties under Section 76 & 78 of the Finance Act, 1994. The appellant's bona fide belief, timely payment of taxes, and the interpretation of relevant legal provisions were crucial in determining the liability and penalties related to service tax on External Commercial Borrowings arrangement fees. en-us Fri, 07 Jul 2017 00:00:00 +0530 Mon, 21 Aug 2017 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346776 The Tribunal allowed the appeal, setting aside the penalties under Section 76 & 78 of the Finance Act, 1994. The appellant's bona fide belief, timely payment of taxes, and the interpretation of relevant legal provisions were crucial in determining the liability and penalties related to service tax on External Commercial Borrowings arrangement fees. Case-Laws Service Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346776