https://www.taxtmi.com/caselaws?id=365703 The Tribunal set aside penalties under Sections 77 and 78 of the Finance Act, 1994, in a service tax case involving charges paid to Overseas banks and SWIFT Charges. The decision emphasized the interpretational nature of the issue and the absence of evidence of deliberate tax evasion, leading to the appeal being allowed. The rest of the impugned order was upheld, underscoring the significance of addressing interpretational issues and lack of intentional suppression of facts in penalty imposition matters. en-us Fri, 10 Aug 2018 00:00:00 +0530 Wed, 22 Aug 2018 08:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365703 The Tribunal set aside penalties under Sections 77 and 78 of the Finance Act, 1994, in a service tax case involving charges paid to Overseas banks and SWIFT Charges. The decision emphasized the interpretational nature of the issue and the absence of evidence of deliberate tax evasion, leading to the appeal being allowed. The rest of the impugned order was upheld, underscoring the significance of addressing interpretational issues and lack of intentional suppression of facts in penalty imposition matters. Case-Laws Service Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365703