https://www.taxtmi.com/caselaws?id=417948 The Tribunal ruled in favor of the appellant, setting aside penalties under Section 76 and 77 as there was no malafide intent or suppression of facts regarding the non-taxation of subvention amounts. The appellant's voluntary tax deposit before the show cause notice was considered, leading to the decision. Additionally, the appellant was granted credit for taxes paid, with the Tribunal emphasizing their bonafide compliance. The impugned order was modified in favor of the appellant, highlighting their entitlement to tax credits and the absence of wrongful intent. en-us Tue, 04 Jan 2022 00:00:00 +0530 Mon, 27 Feb 2023 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417948 The Tribunal ruled in favor of the appellant, setting aside penalties under Section 76 and 77 as there was no malafide intent or suppression of facts regarding the non-taxation of subvention amounts. The appellant's voluntary tax deposit before the show cause notice was considered, leading to the decision. Additionally, the appellant was granted credit for taxes paid, with the Tribunal emphasizing their bonafide compliance. The impugned order was modified in favor of the appellant, highlighting their entitlement to tax credits and the absence of wrongful intent. Case-Laws Service Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417948