https://www.taxtmi.com/caselaws?id=349507 The tribunal upheld the imposition of penalty under Section 78 of the Finance Act, 1994 against the appellant, a service provider, for non-payment of service tax due to malafide intent. The tribunal dismissed the applicability of Section 73(3) and rejected the invocation of Section 80 based on financial crisis as a reasonable cause. The claim for reduction of penalty to 25% under the proviso to Section 78 was denied as the appellant failed to fulfill the conditions within the prescribed timeline. The appeal was rejected on 10/08/2017. en-us Thu, 10 Aug 2017 00:00:00 +0530 Mon, 16 Oct 2017 09:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349507 The tribunal upheld the imposition of penalty under Section 78 of the Finance Act, 1994 against the appellant, a service provider, for non-payment of service tax due to malafide intent. The tribunal dismissed the applicability of Section 73(3) and rejected the invocation of Section 80 based on financial crisis as a reasonable cause. The claim for reduction of penalty to 25% under the proviso to Section 78 was denied as the appellant failed to fulfill the conditions within the prescribed timeline. The appeal was rejected on 10/08/2017. Case-Laws Service Tax Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349507