https://www.taxtmi.com/caselaws?id=195516 The Tribunal set aside the imposition of penalty under section 78 of the Finance Act, 1994, in an appeal by a partnership firm providing security services. The decision was based on the appellant's genuine belief, non-disputed partial payment made promptly after the notice, and lack of justification for penalty imposition. The Tribunal invoked section 80 to waive the penalty, emphasizing the importance of a fair and reasonable approach in tax adjudication. en-us Fri, 28 Oct 2016 00:00:00 +0530 Thu, 02 Nov 2017 17:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195516 The Tribunal set aside the imposition of penalty under section 78 of the Finance Act, 1994, in an appeal by a partnership firm providing security services. The decision was based on the appellant's genuine belief, non-disputed partial payment made promptly after the notice, and lack of justification for penalty imposition. The Tribunal invoked section 80 to waive the penalty, emphasizing the importance of a fair and reasonable approach in tax adjudication. Case-Laws Service Tax Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195516