https://www.taxtmi.com/caselaws?id=363549 The Tribunal dismissed the appeal challenging a service tax demand and penalty under Section 78(1) of the Finance Act, 1994. The Commissioner (Appeals) upheld the demand and penalty under Section 78(1) but dropped the penalty under Section 76. The appellant's argument for penalty waiver under Section 80 based on revenue neutrality was rejected. The judgment stressed the importance of establishing bonafide intentions and addressing malafide intent to seek penalty waivers under the law. en-us Thu, 24 May 2018 00:00:00 +0530 Sat, 14 Jul 2018 07:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363549 The Tribunal dismissed the appeal challenging a service tax demand and penalty under Section 78(1) of the Finance Act, 1994. The Commissioner (Appeals) upheld the demand and penalty under Section 78(1) but dropped the penalty under Section 76. The appellant's argument for penalty waiver under Section 80 based on revenue neutrality was rejected. The judgment stressed the importance of establishing bonafide intentions and addressing malafide intent to seek penalty waivers under the law. Case-Laws Service Tax Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363549