https://www.taxtmi.com/caselaws?id=30939 The Tribunal set aside the Commissioner's order imposing penalties under sections 76 and 77 of the Finance Act, 1994, on the appellant for failing to deposit tax promptly, as the appellant demonstrated a bona fide belief and promptly deposited the tax upon notification. The Tribunal upheld the adjudicating authority's decision to waive the penalties under section 80, finding no justification for imposing additional penalties. The appeal was allowed in favor of the appellant. en-us Wed, 06 Feb 2008 00:00:00 +0530 Wed, 08 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30939 The Tribunal set aside the Commissioner's order imposing penalties under sections 76 and 77 of the Finance Act, 1994, on the appellant for failing to deposit tax promptly, as the appellant demonstrated a bona fide belief and promptly deposited the tax upon notification. The Tribunal upheld the adjudicating authority's decision to waive the penalties under section 80, finding no justification for imposing additional penalties. The appeal was allowed in favor of the appellant. Case-Laws Service Tax Wed, 06 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30939