https://www.taxtmi.com/caselaws?id=353230 The Tribunal overturned penalties imposed on the appellant under Sections 73, 77, and 78 of the Finance Act, 1994, and Section 70(a) of the Act read with related rules. The appellant contested penalties for late registration and filing of returns, arguing they rectified errors promptly upon audit notice, believing their services were non-taxable. The Tribunal, considering the lack of malafide intent and reasonable belief by the appellant, ruled in their favor, citing similar precedents. Consequently, the penalties were set aside, and the appeal was allowed. en-us Tue, 14 Nov 2017 00:00:00 +0530 Sat, 30 Dec 2017 08:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353230 The Tribunal overturned penalties imposed on the appellant under Sections 73, 77, and 78 of the Finance Act, 1994, and Section 70(a) of the Act read with related rules. The appellant contested penalties for late registration and filing of returns, arguing they rectified errors promptly upon audit notice, believing their services were non-taxable. The Tribunal, considering the lack of malafide intent and reasonable belief by the appellant, ruled in their favor, citing similar precedents. Consequently, the penalties were set aside, and the appeal was allowed. Case-Laws Service Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353230