https://www.taxtmi.com/caselaws?id=418825 The tribunal upheld the Revenue's imposition of penalty under section 78, dismissing the appeal. The appellant's failure to comply with section 73(3) of the Finance Act, 1994, and the established suppression of facts rendered them ineligible for exemption. The delayed payment post-audit findings indicated suppression of facts, precluding the application of section 73(3). Compliance and timely disclosure were emphasized, affirming the penalty imposition based on the appellant's actions. en-us Mon, 21 Feb 2022 00:00:00 +0530 Fri, 25 Feb 2022 08:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418825 The tribunal upheld the Revenue's imposition of penalty under section 78, dismissing the appeal. The appellant's failure to comply with section 73(3) of the Finance Act, 1994, and the established suppression of facts rendered them ineligible for exemption. The delayed payment post-audit findings indicated suppression of facts, precluding the application of section 73(3). Compliance and timely disclosure were emphasized, affirming the penalty imposition based on the appellant's actions. Case-Laws Service Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418825