Penalty Waived for Public Sector Undertaking: No Intent to Evade Service Tax u/s 78 of Finance Act.

Penalty Waived for Public Sector Undertaking: No Intent to Evade Service Tax u/s 78 of Finance Act. https://www.taxtmi.com/highlights?id=57589 Levy of penalty u/s 78 of FA - allegation of evasion of service tax - The assessee being a public sector undertaking of the Government of India is an additional factor to hold that any mala fide intention to evade payment of Service Tax would not be attributed, to levy penalty under Section 78 ibid. - AT en-us Wed, 14 Apr 2021 12:57:35 +0530 Wed, 14 Apr 2021 12:57:35 +0530 TaxTMI RSS Generator Penalty Waived for Public Sector Undertaking: No Intent to Evade Service Tax u/s 78 of Finance Act. https://www.taxtmi.com/highlights?id=57589 Levy of penalty u/s 78 of FA - allegation of evasion of service tax - The assessee being a public sector undertaking of the Government of India is an additional factor to hold that any mala fide intention to evade payment of Service Tax would not be attributed, to levy penalty under Section 78 ibid. - AT Highlights Service Tax Wed, 14 Apr 2021 12:57:35 +0530 https://www.taxtmi.com/highlights?id=57589