https://www.taxtmi.com/caselaws?id=765715 The Court invoked Section 80 of the Finance Act, 1994, to waive the penalties imposed on the appellants for non-payment of service tax under Erection, Installation, and Commissioning Services. Despite the inability to produce contracts due to their age, the appellants demonstrated a bona fide belief in their tax obligations by paying the service tax amount of Rs.29,47,547/- before the show-cause notice and agreeing to pay interest. The Court confirmed the service tax and interest but set aside the penalties, concluding that the appellants' actions justified the waiver of penalties. The appeal was disposed of accordingly. en-us Wed, 29 Jan 2025 00:00:00 +0530 Sat, 08 Feb 2025 09:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765715 The Court invoked Section 80 of the Finance Act, 1994, to waive the penalties imposed on the appellants for non-payment of service tax under Erection, Installation, and Commissioning Services. Despite the inability to produce contracts due to their age, the appellants demonstrated a bona fide belief in their tax obligations by paying the service tax amount of Rs.29,47,547/- before the show-cause notice and agreeing to pay interest. The Court confirmed the service tax and interest but set aside the penalties, concluding that the appellants' actions justified the waiver of penalties. The appeal was disposed of accordingly. Case-Laws Service Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765715