https://www.taxtmi.com/caselaws?id=371184 The Tribunal allowed the appeal of the Appellant, emphasizing prompt tax payment upon notification and the absence of fraudulent intent or suppression to evade duty. The Tribunal cited reasonable cause for non-payment under Section 80 of the Finance Act, 1994, leading to the waiver of the penalty under Section 78. The Tribunal considered the appellant's immediate tax payment, lack of intent to evade payment, and relevant case laws in setting aside the penalty, following precedents where similar circumstances led to penalty waivers. en-us Tue, 20 Nov 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371184 The Tribunal allowed the appeal of the Appellant, emphasizing prompt tax payment upon notification and the absence of fraudulent intent or suppression to evade duty. The Tribunal cited reasonable cause for non-payment under Section 80 of the Finance Act, 1994, leading to the waiver of the penalty under Section 78. The Tribunal considered the appellant's immediate tax payment, lack of intent to evade payment, and relevant case laws in setting aside the penalty, following precedents where similar circumstances led to penalty waivers. Case-Laws Service Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371184