https://www.taxtmi.com/caselaws?id=370021 The Tribunal set aside the penalty imposed under Sections 77 and 78 of the Service Tax Act on services related to Renting of Immovable Property. The appellant's evidence of tax payments before the Show Cause Notice demonstrated good faith, leading to the conclusion that no penalty was applicable. However, interest payment was deemed mandatory, and the adjudicating authority was directed to calculate it based on the Tribunal's observations. The appeal was partly allowed, emphasizing the importance of timely tax payments and the necessity of interest payments in such cases. en-us Wed, 31 Oct 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370021 The Tribunal set aside the penalty imposed under Sections 77 and 78 of the Service Tax Act on services related to Renting of Immovable Property. The appellant's evidence of tax payments before the Show Cause Notice demonstrated good faith, leading to the conclusion that no penalty was applicable. However, interest payment was deemed mandatory, and the adjudicating authority was directed to calculate it based on the Tribunal's observations. The appeal was partly allowed, emphasizing the importance of timely tax payments and the necessity of interest payments in such cases. Case-Laws Service Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370021