https://www.taxtmi.com/caselaws?id=424074 The Tribunal dismissed the appeal filed by the department, upholding the invocation of Section 80 to waive penalties. It found that the extended period of limitation could not be invoked due to the absence of suppression of facts. Emphasizing the respondent's status as a PSU and the revenue-neutral nature of the situation, the Tribunal concluded that there was no intent to evade payment of duty. The cross-objection was disposed of accordingly. en-us Thu, 09 Jun 2022 00:00:00 +0530 Wed, 22 Jun 2022 08:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424074 The Tribunal dismissed the appeal filed by the department, upholding the invocation of Section 80 to waive penalties. It found that the extended period of limitation could not be invoked due to the absence of suppression of facts. Emphasizing the respondent's status as a PSU and the revenue-neutral nature of the situation, the Tribunal concluded that there was no intent to evade payment of duty. The cross-objection was disposed of accordingly. Case-Laws Service Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424074