https://www.taxtmi.com/caselaws?id=349744 The Tribunal upheld the penalty imposed under section 78 of the Finance Act, 1994 on the appellant for misdeclaration of taxable value in their ST-3 returns, resulting in a short-payment of service tax. The Commissioner (Appeals) and the Tribunal rejected the appellant's arguments regarding the applicability of section 73(3) and section 80, emphasizing intentional non-disclosure and lack of reasonable cause for tax evasion. The appellant's failure to comply with the requirements for reducing the penalty to 25% within the specified period led to the dismissal of their appeal, underscoring the importance of fulfilling legal obligations in tax matters. en-us Tue, 01 Aug 2017 00:00:00 +0530 Thu, 26 Apr 2018 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349744 The Tribunal upheld the penalty imposed under section 78 of the Finance Act, 1994 on the appellant for misdeclaration of taxable value in their ST-3 returns, resulting in a short-payment of service tax. The Commissioner (Appeals) and the Tribunal rejected the appellant's arguments regarding the applicability of section 73(3) and section 80, emphasizing intentional non-disclosure and lack of reasonable cause for tax evasion. The appellant's failure to comply with the requirements for reducing the penalty to 25% within the specified period led to the dismissal of their appeal, underscoring the importance of fulfilling legal obligations in tax matters. Case-Laws Service Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349744