https://www.taxtmi.com/caselaws?id=374955 The Tribunal set aside the penalty imposed under Section 78(1) of the Finance Act, 1994, in an appeal where the appellant was found liable to pay Service Tax on agency commissions. The Tribunal ruled in favor of the appellant, emphasizing that since the appellant followed established legal interpretations and there was no intent to evade tax, the penalty was unjustified. The demand for the Service Tax was confirmed, but the penalty portion of the order was overturned. The decision underscored the importance of clarity in tax laws and adherence to legal precedents. en-us Fri, 11 Jan 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374955 The Tribunal set aside the penalty imposed under Section 78(1) of the Finance Act, 1994, in an appeal where the appellant was found liable to pay Service Tax on agency commissions. The Tribunal ruled in favor of the appellant, emphasizing that since the appellant followed established legal interpretations and there was no intent to evade tax, the penalty was unjustified. The demand for the Service Tax was confirmed, but the penalty portion of the order was overturned. The decision underscored the importance of clarity in tax laws and adherence to legal precedents. Case-Laws Service Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374955