https://www.taxtmi.com/caselaws?id=349811 The Tribunal upheld the tax liability but set aside the penalty imposed under Section 78 of the Finance Act, 1994, on the appellant for service tax liability related to availing services of a foreign agent. The penalty was contested based on the timing of liability discharge and lack of grounds for demand proceedings. The Tribunal emphasized that closure under Section 73 (3) was warranted as the liability was discharged with interest before the notice was issued, questioning the penalty imposition under Section 73 (4) without justifiable reasons in the show cause notice. en-us Tue, 16 May 2017 00:00:00 +0530 Mon, 01 Jan 2018 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349811 The Tribunal upheld the tax liability but set aside the penalty imposed under Section 78 of the Finance Act, 1994, on the appellant for service tax liability related to availing services of a foreign agent. The penalty was contested based on the timing of liability discharge and lack of grounds for demand proceedings. The Tribunal emphasized that closure under Section 73 (3) was warranted as the liability was discharged with interest before the notice was issued, questioning the penalty imposition under Section 73 (4) without justifiable reasons in the show cause notice. Case-Laws Service Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349811