CESTAT finds no intent to evade taxes; extended penalty period u/s 78 not justified; appeal allowed.

CESTAT finds no intent to evade taxes; extended penalty period u/s 78 not justified; appeal allowed. https://www.taxtmi.com/highlights?id=75058 Levy of penalty u/s 78 - The CESTAT held that, No evidence of positive act of suppression to evade payment of duty. Extended period cannot be invoked without evidence of intent to evade payment. Mere non-payment of service tax and non-filing of returns not sufficient to extend limitation period. - Order set aside, appeal allowed with consequential relief as per law. en-us Wed, 21 Feb 2024 07:11:36 +0530 Wed, 21 Feb 2024 07:11:36 +0530 TaxTMI RSS Generator CESTAT finds no intent to evade taxes; extended penalty period u/s 78 not justified; appeal allowed. https://www.taxtmi.com/highlights?id=75058 Levy of penalty u/s 78 - The CESTAT held that, No evidence of positive act of suppression to evade payment of duty. Extended period cannot be invoked without evidence of intent to evade payment. Mere non-payment of service tax and non-filing of returns not sufficient to extend limitation period. - Order set aside, appeal allowed with consequential relief as per law. Highlights Service Tax Wed, 21 Feb 2024 07:11:36 +0530 https://www.taxtmi.com/highlights?id=75058