https://www.taxtmi.com/caselaws?id=355418 The Revenue's appeal seeking to impose penalties under Section 78 for tax liabilities under banking services was dismissed. The court found that the tax liability was on a reverse charge basis, and since the full tax amount had been paid by the respondent without any malafide intent, imposing penalties was deemed unjustifiable. The court invoked Section 80 for waiver of penalty on reasonable grounds for non-payment of tax, leading to the dismissal of the Revenue's appeal and allowing the respondent's cross objection. en-us Wed, 03 Jan 2018 00:00:00 +0530 Wed, 14 Feb 2018 09:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355418 The Revenue's appeal seeking to impose penalties under Section 78 for tax liabilities under banking services was dismissed. The court found that the tax liability was on a reverse charge basis, and since the full tax amount had been paid by the respondent without any malafide intent, imposing penalties was deemed unjustifiable. The court invoked Section 80 for waiver of penalty on reasonable grounds for non-payment of tax, leading to the dismissal of the Revenue's appeal and allowing the respondent's cross objection. Case-Laws Service Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355418