https://www.taxtmi.com/caselaws?id=33259 Waiver of pre-deposit against penalties under the Finance Act, 1994 was considered in light of delayed service tax payment, subsequent deposit of tax and interest, and the request to dispense with the pre-deposit condition in full. The explanation of financial hardship and the Managing Director's accident was not accepted as sufficient because the services continued to be rendered and no adequate justification for the default was shown. In view of the admitted delay and the need to safeguard revenue, complete waiver was declined and only partial relief was granted by directing deposit of 50% of the penalties under Sections 76 and 77 within four weeks. en-us Fri, 13 Apr 2007 00:00:00 +0530 Wed, 29 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33259 Waiver of pre-deposit against penalties under the Finance Act, 1994 was considered in light of delayed service tax payment, subsequent deposit of tax and interest, and the request to dispense with the pre-deposit condition in full. The explanation of financial hardship and the Managing Director's accident was not accepted as sufficient because the services continued to be rendered and no adequate justification for the default was shown. In view of the admitted delay and the need to safeguard revenue, complete waiver was declined and only partial relief was granted by directing deposit of 50% of the penalties under Sections 76 and 77 within four weeks. Case-Laws Service Tax Fri, 13 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33259