https://www.taxtmi.com/caselaws?id=370806 The Tribunal set aside penalties imposed under sections 76 and 78 of the Finance Act, 1994 on the appellant for non-payment and delayed payment of service tax. It upheld penalties under section 77 but found that the financial difficulties faced by the appellant, evidenced by increased loans and debtors, justified the non-payment. The Tribunal invoked Section 80 of the Finance Act to waive the penalties under sections 76 and 78, emphasizing the appellant's genuine financial constraints. The decision was rendered on 12.09.2018, partially allowing the appeals with consequential benefits, if applicable. en-us Wed, 12 Sep 2018 00:00:00 +0530 Sat, 24 Nov 2018 07:24:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370806 The Tribunal set aside penalties imposed under sections 76 and 78 of the Finance Act, 1994 on the appellant for non-payment and delayed payment of service tax. It upheld penalties under section 77 but found that the financial difficulties faced by the appellant, evidenced by increased loans and debtors, justified the non-payment. The Tribunal invoked Section 80 of the Finance Act to waive the penalties under sections 76 and 78, emphasizing the appellant's genuine financial constraints. The decision was rendered on 12.09.2018, partially allowing the appeals with consequential benefits, if applicable. Case-Laws Service Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370806