https://www.taxtmi.com/caselaws?id=366218 The High Court upheld the Tribunal's decision, dismissing the appeal and ruling in favor of the assessee. It was held that the waiver of penalties under Section 80 of the Finance Act, 1994, due to the bona fide belief of the appellant justified not invoking the extended period of limitation for confirming service tax demand. The court emphasized that the respondent, a state government undertaking, had voluntarily deposited a substantial amount and that there was no evidence of willful misstatement or intent to evade duty, leading to the dismissal of the appeal. en-us Wed, 07 Mar 2018 00:00:00 +0530 Wed, 16 Jan 2019 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366218 The High Court upheld the Tribunal's decision, dismissing the appeal and ruling in favor of the assessee. It was held that the waiver of penalties under Section 80 of the Finance Act, 1994, due to the bona fide belief of the appellant justified not invoking the extended period of limitation for confirming service tax demand. The court emphasized that the respondent, a state government undertaking, had voluntarily deposited a substantial amount and that there was no evidence of willful misstatement or intent to evade duty, leading to the dismissal of the appeal. Case-Laws Service Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366218