https://www.taxtmi.com/caselaws?id=194245 The tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994, as it found no evidence of deliberate tax evasion or mala fide intent. The appellant's full payment of tax and interest before the notice was issued demonstrated lack of suppression of fact with intent to evade tax, leading to the conclusion that the penalty was unwarranted. Additionally, the tribunal noted the minimal discrepancy in the declared amount and the lack of deliberate non-payment, ultimately allowing the appeal on the grounds of unjustified penalty imposition. en-us Thu, 15 Sep 2016 00:00:00 +0530 Sat, 02 Sep 2017 11:14:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194245 The tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994, as it found no evidence of deliberate tax evasion or mala fide intent. The appellant's full payment of tax and interest before the notice was issued demonstrated lack of suppression of fact with intent to evade tax, leading to the conclusion that the penalty was unwarranted. Additionally, the tribunal noted the minimal discrepancy in the declared amount and the lack of deliberate non-payment, ultimately allowing the appeal on the grounds of unjustified penalty imposition. Case-Laws Service Tax Thu, 15 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194245