https://www.taxtmi.com/caselaws?id=380942 The Tribunal partly allowed the appeal by setting aside the penalty imposed under Section 76 of the Finance Act, 1994. The appellant's financial hardships and delayed client payments were deemed reasonable causes for the delayed service tax payment. Citing precedents where penalties were waived in similar circumstances, the Tribunal found the penalty unwarranted and modified the impugned order to uphold the duty demand and interest while waiving the penalty. The decision emphasized the significance of financial constraints in justifying delayed payments of service tax. en-us Thu, 28 Mar 2019 00:00:00 +0530 Sat, 01 Jun 2019 07:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380942 The Tribunal partly allowed the appeal by setting aside the penalty imposed under Section 76 of the Finance Act, 1994. The appellant's financial hardships and delayed client payments were deemed reasonable causes for the delayed service tax payment. Citing precedents where penalties were waived in similar circumstances, the Tribunal found the penalty unwarranted and modified the impugned order to uphold the duty demand and interest while waiving the penalty. The decision emphasized the significance of financial constraints in justifying delayed payments of service tax. Case-Laws Service Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380942