https://www.taxtmi.com/caselaws?id=350953 The appeals were allowed by the Appellate Tribunal CESTAT Bangalore, setting aside the penalties imposed on a partnership firm for non-disclosure and suppression of facts related to service tax payments. The Tribunal found no intention to evade tax, noting the firm's prompt payment upon notification and inclusion of liabilities in their balance sheet. Citing valid reasons for delayed payments, the firm was granted relief under Section 80 of the Finance Act, 1994. The impugned orders were deemed unsustainable, resulting in the penalties being set aside in favor of the appellant. en-us Fri, 13 Oct 2017 00:00:00 +0530 Thu, 16 Nov 2017 08:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350953 The appeals were allowed by the Appellate Tribunal CESTAT Bangalore, setting aside the penalties imposed on a partnership firm for non-disclosure and suppression of facts related to service tax payments. The Tribunal found no intention to evade tax, noting the firm's prompt payment upon notification and inclusion of liabilities in their balance sheet. Citing valid reasons for delayed payments, the firm was granted relief under Section 80 of the Finance Act, 1994. The impugned orders were deemed unsustainable, resulting in the penalties being set aside in favor of the appellant. Case-Laws Service Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350953