https://www.taxtmi.com/caselaws?id=448119 Penalty under Section 78 of the Finance Act, 1994 was held unsustainable where the assessee was registered, had filed returns, and had paid the disputed amounts before issue of the show cause notice. The Tribunal found no allegation of fraud, suppression, or wilful misstatement, and treated the short payment as arising from computation and interpretation issues. In the absence of the statutory ingredients required for penalty, relief from penalty was granted and the penalties were set aside. en-us Tue, 02 Jan 2024 00:00:00 +0530 Fri, 12 Jan 2024 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448119 Penalty under Section 78 of the Finance Act, 1994 was held unsustainable where the assessee was registered, had filed returns, and had paid the disputed amounts before issue of the show cause notice. The Tribunal found no allegation of fraud, suppression, or wilful misstatement, and treated the short payment as arising from computation and interpretation issues. In the absence of the statutory ingredients required for penalty, relief from penalty was granted and the penalties were set aside. Case-Laws Service Tax Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448119