https://www.taxtmi.com/caselaws?id=34134 The Tribunal remanded the case for reconsideration of penalty waiver under Section 80 of the Finance Act, emphasizing that waiver should be based on genuine reasons for non-payment and prompt rectification, not just timing of tax payment before notice. The case highlighted the importance of proving reasonable cause for tax non-payment to qualify for penalty waiver under Section 80. en-us Wed, 05 Nov 2008 00:00:00 +0530 Mon, 10 Aug 2009 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34134 The Tribunal remanded the case for reconsideration of penalty waiver under Section 80 of the Finance Act, emphasizing that waiver should be based on genuine reasons for non-payment and prompt rectification, not just timing of tax payment before notice. The case highlighted the importance of proving reasonable cause for tax non-payment to qualify for penalty waiver under Section 80. Case-Laws Service Tax Wed, 05 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34134