https://www.taxtmi.com/caselaws?id=32190 Penalty under the Finance Act, 1994 was waived because the service tax and interest had already been paid before issuance of the show cause notice, and the assessee's non-compliance arose from genuine confusion over the taxability of amounts received from financial institutions for facilitating loans. The contemporaneous departmental circular supported that confusion, and those facts were treated as reasonable cause for the default. Relief under Section 80 was therefore granted and the penalties were set aside. en-us Fri, 26 Sep 2008 00:00:00 +0530 Sat, 09 May 2009 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32190 Penalty under the Finance Act, 1994 was waived because the service tax and interest had already been paid before issuance of the show cause notice, and the assessee's non-compliance arose from genuine confusion over the taxability of amounts received from financial institutions for facilitating loans. The contemporaneous departmental circular supported that confusion, and those facts were treated as reasonable cause for the default. Relief under Section 80 was therefore granted and the penalties were set aside. Case-Laws Service Tax Fri, 26 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32190