https://www.taxtmi.com/caselaws?id=464226 CESTAT ND - AT allowed the appeal, holding penalties under ss.76 and 77, FA wrongly imposed where assessee had recorded full service-tax liability in books, partially discharged it due to bona fide financial crunch during 2008-10 and promptly paid the balance on receipt of funds before/soon after show-cause notice. Penalty under s.78, requiring fraud/collusion/willful suppression, was correctly not imposed as short payment arose from cash crisis, not mala fide intent. en-us Tue, 18 Apr 2023 00:00:00 +0530 Mon, 13 Oct 2025 00:51:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464226 CESTAT ND - AT allowed the appeal, holding penalties under ss.76 and 77, FA wrongly imposed where assessee had recorded full service-tax liability in books, partially discharged it due to bona fide financial crunch during 2008-10 and promptly paid the balance on receipt of funds before/soon after show-cause notice. Penalty under s.78, requiring fraud/collusion/willful suppression, was correctly not imposed as short payment arose from cash crisis, not mala fide intent. Case-Laws Service Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464226