https://www.taxtmi.com/caselaws?id=352761 Penalty under Sections 76, 77 and 78 was held unsustainable because the record showed no suppression of facts or mala fide intent to evade tax, and the service tax liability had been paid though belatedly. The matter was also treated as revenue neutral, which negatived invocation of the extended period of limitation. The interest component, however, required fresh quantification, so the original authority was directed to recompute interest after hearing both sides. The appeal therefore succeeded partly, with penalties dropped and the interest issue remanded for redetermination. en-us Thu, 02 Nov 2017 00:00:00 +0530 Thu, 21 Dec 2017 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352761 Penalty under Sections 76, 77 and 78 was held unsustainable because the record showed no suppression of facts or mala fide intent to evade tax, and the service tax liability had been paid though belatedly. The matter was also treated as revenue neutral, which negatived invocation of the extended period of limitation. The interest component, however, required fresh quantification, so the original authority was directed to recompute interest after hearing both sides. The appeal therefore succeeded partly, with penalties dropped and the interest issue remanded for redetermination. Case-Laws Service Tax Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352761