https://www.taxtmi.com/caselaws?id=371574 The Tribunal set aside the penalty imposed under Section 78, emphasizing the appellant's proactive rectification of incorrectly availed cenvat credit and prompt payment of service tax. The decision highlighted the lack of fraudulent intent, participation in audits, and compliance with tax obligations, ultimately concluding that confirming the penalty was unwarranted based on legal precedents and the appellant's actions. en-us Wed, 05 Dec 2018 00:00:00 +0530 Thu, 06 Dec 2018 10:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371574 The Tribunal set aside the penalty imposed under Section 78, emphasizing the appellant's proactive rectification of incorrectly availed cenvat credit and prompt payment of service tax. The decision highlighted the lack of fraudulent intent, participation in audits, and compliance with tax obligations, ultimately concluding that confirming the penalty was unwarranted based on legal precedents and the appellant's actions. Case-Laws Service Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371574