https://www.taxtmi.com/caselaws?id=32158 The Tribunal upheld the Appellants' liability to pay service tax and justified the penalty under Section 76 of the Finance Act, 1994, due to their delayed tax payment. Despite initial confusion, the Appellants were deemed responsible for the tax, leading to a reduced penalty of Rs. 20,000 considering factors like timely tax deposit and delays by authorities in releasing funds. en-us Mon, 11 Aug 2008 00:00:00 +0530 Wed, 08 Apr 2009 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32158 The Tribunal upheld the Appellants' liability to pay service tax and justified the penalty under Section 76 of the Finance Act, 1994, due to their delayed tax payment. Despite initial confusion, the Appellants were deemed responsible for the tax, leading to a reduced penalty of Rs. 20,000 considering factors like timely tax deposit and delays by authorities in releasing funds. Case-Laws Service Tax Mon, 11 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32158