https://www.taxtmi.com/caselaws?id=34138 The tribunal upheld the penalty of Rs. 10 crores imposed under Section 78 of the Finance Act, 1994, due to deliberate tax evasion. The service tax liability was confirmed, but recalculations were ordered. The tribunal dismissed the application of Section 80 for penalty reduction, emphasizing the lack of reasonable cause for the failure to pay taxes. The respondent's cross-objections were disposed of accordingly. en-us Fri, 17 Apr 2009 00:00:00 +0530 Mon, 02 Nov 2009 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34138 The tribunal upheld the penalty of Rs. 10 crores imposed under Section 78 of the Finance Act, 1994, due to deliberate tax evasion. The service tax liability was confirmed, but recalculations were ordered. The tribunal dismissed the application of Section 80 for penalty reduction, emphasizing the lack of reasonable cause for the failure to pay taxes. The respondent's cross-objections were disposed of accordingly. Case-Laws Service Tax Fri, 17 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34138