https://www.taxtmi.com/highlights?id=55551 Levy of Penalty u/s 78 of FA - There are no positive evidence has been brought on record in the entire proceedings that non-payment of tax was attributable to reasons to deliberately evade payment of tax. - Moreover, the appellant is a PSU in the instant case. The Courts have consistently held that there is a presumption that PSU would not have intention to evade payment of duty or tax. - AT en-us Thu, 19 Nov 2020 07:10:20 +0530 Thu, 19 Nov 2020 07:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55551 Levy of Penalty u/s 78 of FA - There are no positive evidence has been brought on record in the entire proceedings that non-payment of tax was attributable to reasons to deliberately evade payment of tax. - Moreover, the appellant is a PSU in the instant case. The Courts have consistently held that there is a presumption that PSU would not have intention to evade payment of duty or tax. - AT Highlights Service Tax Thu, 19 Nov 2020 07:10:20 +0530 https://www.taxtmi.com/highlights?id=55551