https://www.taxtmi.com/caselaws?id=406233 The Appellate Tribunal overturned the penalty imposed under Section 78 of the Finance Act, 1994 on the appellant for wrongly availing service tax credit. The Tribunal found that the appellant had paid the tax before the show-cause notice, demonstrating good faith compliance. Emphasizing the lack of evidence of intent to evade tax and the proactive reversal of credit upon audit objection, the Tribunal ruled in favor of the appellant. Citing legal precedents and the appellant's actions, the Tribunal concluded that the penalty imposition was unjustified and legally flawed, setting aside the order and providing relief to the appellant. en-us Tue, 06 Apr 2021 00:00:00 +0530 Fri, 09 Apr 2021 07:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406233 The Appellate Tribunal overturned the penalty imposed under Section 78 of the Finance Act, 1994 on the appellant for wrongly availing service tax credit. The Tribunal found that the appellant had paid the tax before the show-cause notice, demonstrating good faith compliance. Emphasizing the lack of evidence of intent to evade tax and the proactive reversal of credit upon audit objection, the Tribunal ruled in favor of the appellant. Citing legal precedents and the appellant's actions, the Tribunal concluded that the penalty imposition was unjustified and legally flawed, setting aside the order and providing relief to the appellant. Case-Laws Service Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406233