https://www.taxtmi.com/caselaws?id=360112 The Tribunal set aside penalties under sections 76 and 78 in cases involving service tax demands on Visa charges and commission from insurance companies, while upholding penalties under section 77. The appellant's contentions regarding liability under reverse charge mechanism and misinterpretation of tax obligations were considered. The Tribunal emphasized the need for a balanced approach in penalty imposition, leading to the partial allowance of the appeals with consequential relief granted accordingly. en-us Tue, 01 May 2018 00:00:00 +0530 Wed, 11 Jul 2018 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360112 The Tribunal set aside penalties under sections 76 and 78 in cases involving service tax demands on Visa charges and commission from insurance companies, while upholding penalties under section 77. The appellant's contentions regarding liability under reverse charge mechanism and misinterpretation of tax obligations were considered. The Tribunal emphasized the need for a balanced approach in penalty imposition, leading to the partial allowance of the appeals with consequential relief granted accordingly. Case-Laws Service Tax Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360112