https://www.taxtmi.com/caselaws?id=417757 The Tribunal upheld the demand of service tax against the assessee on 'renting of immovable property' service, with modifications to remove duplicated amounts. Penalties under Sections 76, 77, and 78 were waived due to the assessee's cooperation and bonafide belief. The Tribunal dismissed the Revenue's appeal against the waiver of penalties, citing the assessee's reasonable cause for the failure to pay service tax. The demand of interest under Section 75 was upheld as mandatory, with no waiver granted. Despite not being immune to paying taxes, the Tribunal agreed with the waiver of penalties under Section 80 based on the specific circumstances of the case. en-us Fri, 24 Dec 2021 00:00:00 +0530 Tue, 01 Feb 2022 08:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417757 The Tribunal upheld the demand of service tax against the assessee on 'renting of immovable property' service, with modifications to remove duplicated amounts. Penalties under Sections 76, 77, and 78 were waived due to the assessee's cooperation and bonafide belief. The Tribunal dismissed the Revenue's appeal against the waiver of penalties, citing the assessee's reasonable cause for the failure to pay service tax. The demand of interest under Section 75 was upheld as mandatory, with no waiver granted. Despite not being immune to paying taxes, the Tribunal agreed with the waiver of penalties under Section 80 based on the specific circumstances of the case. Case-Laws Service Tax Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417757