https://www.taxtmi.com/caselaws?id=358996 The tribunal upheld the penalty under Section 78 of the Finance Act, 1994, for the amount not deposited due to the appellant's belief that no tax was payable, emphasizing the obligation to deposit regardless of belief. However, considering the bonafide belief and lack of malafide intent, the penalty for services to another client was set aside, with the tribunal partially allowing the appeal. The judgment stressed the need for negative findings to support penalty imposition and addressed the taxability issue under the Tour Operator's service category, ultimately ruling in part for the appellant. en-us Thu, 21 Dec 2017 00:00:00 +0530 Mon, 23 Apr 2018 07:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358996 The tribunal upheld the penalty under Section 78 of the Finance Act, 1994, for the amount not deposited due to the appellant's belief that no tax was payable, emphasizing the obligation to deposit regardless of belief. However, considering the bonafide belief and lack of malafide intent, the penalty for services to another client was set aside, with the tribunal partially allowing the appeal. The judgment stressed the need for negative findings to support penalty imposition and addressed the taxability issue under the Tour Operator's service category, ultimately ruling in part for the appellant. Case-Laws Service Tax Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358996