https://www.taxtmi.com/caselaws?id=287334 The Tribunal allowed the appeal in part, setting aside the penalty under Section 78 of the Finance Act. The appellant, a Recovery Agent for a bank, had paid the service tax with interest upon notice, arguing lack of mala fide intent and reliance on the bank for tax payment. The Tribunal found no deliberate violation of law and referenced similar cases where penalties under Section 78 were set aside. The Revenue's argument that the appellant should have ensured tax compliance independently was considered, but ultimately, the penalty under Section 78 was revoked. en-us Tue, 21 May 2019 00:00:00 +0530 Fri, 10 Apr 2020 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287334 The Tribunal allowed the appeal in part, setting aside the penalty under Section 78 of the Finance Act. The appellant, a Recovery Agent for a bank, had paid the service tax with interest upon notice, arguing lack of mala fide intent and reliance on the bank for tax payment. The Tribunal found no deliberate violation of law and referenced similar cases where penalties under Section 78 were set aside. The Revenue's argument that the appellant should have ensured tax compliance independently was considered, but ultimately, the penalty under Section 78 was revoked. Case-Laws Service Tax Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287334