https://www.taxtmi.com/caselaws?id=35176 The Tribunal upheld the decision of the Commissioner (Appeals) to set aside penalties imposed under Sections 76 and 78 of the Finance Act, 1994, on a proprietorship firm providing services. The firm proved reasonable cause for failure to deposit tax and file returns promptly, as per Section 80 of the Act. The Tribunal emphasized penalties should not apply when reasonable cause is established, rejecting the Revenue's appeal. Judgment was delivered on 3-6-2009, affirming the importance of demonstrating reasonable cause to avoid penalties under the Finance Act, 1994. en-us Wed, 03 Jun 2009 00:00:00 +0530 Sat, 16 Jan 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35176 The Tribunal upheld the decision of the Commissioner (Appeals) to set aside penalties imposed under Sections 76 and 78 of the Finance Act, 1994, on a proprietorship firm providing services. The firm proved reasonable cause for failure to deposit tax and file returns promptly, as per Section 80 of the Act. The Tribunal emphasized penalties should not apply when reasonable cause is established, rejecting the Revenue's appeal. Judgment was delivered on 3-6-2009, affirming the importance of demonstrating reasonable cause to avoid penalties under the Finance Act, 1994. Case-Laws Service Tax Wed, 03 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35176