https://www.taxtmi.com/caselaws?id=385475 The Appellate Tribunal upheld the Commissioner's decision to reduce penalties imposed on a foreign airline for failing to deposit Service Tax collected on air tickets sold outside India. The Tribunal found the airline eligible for a 25% penalty reduction under Section 78 of the Finance Act, 1994, as it paid the tax and interest promptly upon notification by the Audit Department. The Tribunal dismissed the Revenue's appeal, emphasizing compliance with statutory provisions and timely tax payments to benefit from penalty reductions. en-us Mon, 22 Jul 2019 00:00:00 +0530 Fri, 06 Sep 2019 07:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385475 The Appellate Tribunal upheld the Commissioner's decision to reduce penalties imposed on a foreign airline for failing to deposit Service Tax collected on air tickets sold outside India. The Tribunal found the airline eligible for a 25% penalty reduction under Section 78 of the Finance Act, 1994, as it paid the tax and interest promptly upon notification by the Audit Department. The Tribunal dismissed the Revenue's appeal, emphasizing compliance with statutory provisions and timely tax payments to benefit from penalty reductions. Case-Laws Service Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385475