https://www.taxtmi.com/caselaws?id=276236 Penalties under the Finance Act, 1994 were examined in relation to delayed service tax payment and alleged suppression of facts. The article notes that the levy began on 01.01.2005 and that tax for April 2005 to December 2005 was paid immediately after registration, making penalty for that period unwarranted. It further states that no material established suppression with intent to evade tax, so penalty under Section 78 could not be sustained. For January 2005 to March 2005, delayed payment justified a reduced penalty under Section 76 and a nominal penalty under Section 77. en-us Thu, 06 Dec 2007 00:00:00 +0530 Fri, 02 Nov 2018 17:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276236 Penalties under the Finance Act, 1994 were examined in relation to delayed service tax payment and alleged suppression of facts. The article notes that the levy began on 01.01.2005 and that tax for April 2005 to December 2005 was paid immediately after registration, making penalty for that period unwarranted. It further states that no material established suppression with intent to evade tax, so penalty under Section 78 could not be sustained. For January 2005 to March 2005, delayed payment justified a reduced penalty under Section 76 and a nominal penalty under Section 77. Case-Laws Service Tax Thu, 06 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276236