https://www.taxtmi.com/caselaws?id=368734 The Appellate Tribunal CESTAT ALLAHABAD set aside a penalty of Rs. 3.69 crores imposed under Section 78 of the Finance Act, 1994. The appellant had paid the service tax and interest before a certain date, with the penalty notice issued after payment and declaration in returns. Following precedent, the Tribunal ruled that if tax liabilities are settled before a show cause notice, Section 78 penalties do not apply. The appeal was allowed, emphasizing the importance of timely tax payment and compliance to avoid penalties under the Finance Act. en-us Mon, 06 Aug 2018 00:00:00 +0530 Sat, 13 Oct 2018 15:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368734 The Appellate Tribunal CESTAT ALLAHABAD set aside a penalty of Rs. 3.69 crores imposed under Section 78 of the Finance Act, 1994. The appellant had paid the service tax and interest before a certain date, with the penalty notice issued after payment and declaration in returns. Following precedent, the Tribunal ruled that if tax liabilities are settled before a show cause notice, Section 78 penalties do not apply. The appeal was allowed, emphasizing the importance of timely tax payment and compliance to avoid penalties under the Finance Act. Case-Laws Service Tax Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368734