https://www.taxtmi.com/caselaws?id=34543 Where the taxability of commission earned for arranging finance was under genuine doubt, the Tribunal held that reasonable cause existed and the penalty escape clause in Section 80 applied. As the assessee had deposited the tax before the show cause notice, penalties under Sections 76 and 78 of the Finance Act, 1994 were not exigible, and the deletion of penalties was upheld. en-us Thu, 04 Jun 2009 00:00:00 +0530 Tue, 12 Jan 2010 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34543 Where the taxability of commission earned for arranging finance was under genuine doubt, the Tribunal held that reasonable cause existed and the penalty escape clause in Section 80 applied. As the assessee had deposited the tax before the show cause notice, penalties under Sections 76 and 78 of the Finance Act, 1994 were not exigible, and the deletion of penalties was upheld. Case-Laws Service Tax Thu, 04 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34543