https://www.taxtmi.com/caselaws?id=359653 The Tribunal allowed the appeal, setting aside the penalty under Section 78 of the Finance Act, 1994. The appellant paid the service tax with interest before the show cause notice, availed cenvat credit, and demonstrated revenue neutrality. The Tribunal found no malicious intent and cited Section 73(3) of the Finance Act, 1994, prohibiting a notice post-tax payment. Consequently, the penalty was waived, emphasizing the importance of timely payment, genuine misunderstanding, and compliance with tax regulations. en-us Wed, 18 Apr 2018 00:00:00 +0530 Thu, 03 May 2018 06:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359653 The Tribunal allowed the appeal, setting aside the penalty under Section 78 of the Finance Act, 1994. The appellant paid the service tax with interest before the show cause notice, availed cenvat credit, and demonstrated revenue neutrality. The Tribunal found no malicious intent and cited Section 73(3) of the Finance Act, 1994, prohibiting a notice post-tax payment. Consequently, the penalty was waived, emphasizing the importance of timely payment, genuine misunderstanding, and compliance with tax regulations. Case-Laws Service Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359653