https://www.taxtmi.com/caselaws?id=30792 Penalty under Sections 76, 77 and 78 of the Finance Act, 1994 was waived where the assessee showed reasonable cause and bona fide belief. The dispute concerned penalty only, as service tax liability was conceded. The assessee maintained that the service was factory canteen catering and that, during the initial levy period, it honestly believed it was not providing taxable outdoor catering service. On those facts, Section 80 was treated as permitting waiver because sufficient cause for the failure was established, and the penalty was set aside. en-us Fri, 20 Jun 2008 00:00:00 +0530 Wed, 24 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30792 Penalty under Sections 76, 77 and 78 of the Finance Act, 1994 was waived where the assessee showed reasonable cause and bona fide belief. The dispute concerned penalty only, as service tax liability was conceded. The assessee maintained that the service was factory canteen catering and that, during the initial levy period, it honestly believed it was not providing taxable outdoor catering service. On those facts, Section 80 was treated as permitting waiver because sufficient cause for the failure was established, and the penalty was set aside. Case-Laws Service Tax Fri, 20 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30792