https://www.taxtmi.com/caselaws?id=33373 Penalty for delayed deposit of service tax was examined in light of the nominal revenue effect and the availability of reasonable cause under Section 80 of the Finance Act, 1994. The Court noted that, where reasonable cause for the delay is established, penalty may be waived under that provision. On the facts noted, the penalty had already been reduced by the appellate authority and upheld by the Tribunal, and the appeal was not entertained, leaving the reduced penalty undisturbed. en-us Thu, 11 Sep 2008 00:00:00 +0530 Sat, 05 Sep 2009 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33373 Penalty for delayed deposit of service tax was examined in light of the nominal revenue effect and the availability of reasonable cause under Section 80 of the Finance Act, 1994. The Court noted that, where reasonable cause for the delay is established, penalty may be waived under that provision. On the facts noted, the penalty had already been reduced by the appellate authority and upheld by the Tribunal, and the appeal was not entertained, leaving the reduced penalty undisturbed. Case-Laws Service Tax Thu, 11 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33373