https://www.taxtmi.com/caselaws?id=387625 The Tribunal held that the Show Cause Notice (SCN) dated 17.01.2005 was not legally sustainable. The extended period of limitation was deemed inapplicable as the appellant had informed the department of their practice, and there was no willful suppression of information. The demand based solely on figures from the Profit & Loss Account was found invalid. Consequently, the imposition of penalties under Sections 76 and 78 of the Finance Act, 1994, was deemed unjustified. The appeal was allowed, and the demand for service tax, interest, and penalties was not upheld. en-us Tue, 22 Oct 2019 00:00:00 +0530 Sat, 26 Oct 2019 10:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387625 The Tribunal held that the Show Cause Notice (SCN) dated 17.01.2005 was not legally sustainable. The extended period of limitation was deemed inapplicable as the appellant had informed the department of their practice, and there was no willful suppression of information. The demand based solely on figures from the Profit & Loss Account was found invalid. Consequently, the imposition of penalties under Sections 76 and 78 of the Finance Act, 1994, was deemed unjustified. The appeal was allowed, and the demand for service tax, interest, and penalties was not upheld. Case-Laws Service Tax Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387625