https://www.taxtmi.com/caselaws?id=31040 Penalty set aside by the Commissioner (Appeals) was not disturbed because prior Tribunal decisions supported that view and no reason was found to interfere. Interest on delayed service tax payment could not be waived, as section 73(3) of the Finance Act, 1994 was treated as requiring payment of tax and interest after the lapse is pointed out, with no provision authorising waiver. The order was therefore sustained on penalty, while the assessee was directed to pay interest on the delayed service tax payment. en-us Mon, 09 Jun 2008 00:00:00 +0530 Mon, 13 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31040 Penalty set aside by the Commissioner (Appeals) was not disturbed because prior Tribunal decisions supported that view and no reason was found to interfere. Interest on delayed service tax payment could not be waived, as section 73(3) of the Finance Act, 1994 was treated as requiring payment of tax and interest after the lapse is pointed out, with no provision authorising waiver. The order was therefore sustained on penalty, while the assessee was directed to pay interest on the delayed service tax payment. Case-Laws Service Tax Mon, 09 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31040