https://www.taxtmi.com/caselaws?id=359468 The Tribunal ruled in favor of the appellant, setting aside the penalty under Section 78 of the Finance Act, 1994. The appellant's prompt payment of the underpaid duty, attributed to an unintentional accounting error, was considered transparent and not indicative of evasion. While interest on the service tax was deemed appropriate, the Tribunal found no suppression or misdeclaration warranting the penalty under Section 78. en-us Tue, 20 Feb 2018 00:00:00 +0530 Tue, 01 May 2018 06:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359468 The Tribunal ruled in favor of the appellant, setting aside the penalty under Section 78 of the Finance Act, 1994. The appellant's prompt payment of the underpaid duty, attributed to an unintentional accounting error, was considered transparent and not indicative of evasion. While interest on the service tax was deemed appropriate, the Tribunal found no suppression or misdeclaration warranting the penalty under Section 78. Case-Laws Service Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359468