https://www.taxtmi.com/caselaws?id=364951 The Tribunal ruled in favor of the appellants, setting aside the penalty under Section 78 of the Finance Act, 1994. The decision was based on the lack of evidence of intentional evasion and the appellants' efforts to pay the outstanding tax liabilities despite financial constraints. The Tribunal emphasized that penalties should be imposed judiciously, taking into account the circumstances and intent of the parties involved. en-us Mon, 06 Aug 2018 00:00:00 +0530 Wed, 08 Aug 2018 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364951 The Tribunal ruled in favor of the appellants, setting aside the penalty under Section 78 of the Finance Act, 1994. The decision was based on the lack of evidence of intentional evasion and the appellants' efforts to pay the outstanding tax liabilities despite financial constraints. The Tribunal emphasized that penalties should be imposed judiciously, taking into account the circumstances and intent of the parties involved. Case-Laws Service Tax Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364951