https://www.taxtmi.com/caselaws?id=787838 Application of Section 80 of the Finance Act disallows imposition of penalties where the assessee establishes reasonable cause; the article concludes that penalties under Sections 76-78 were inappropriate because the taxpayer had a bona fide belief he was not providing taxable real estate agency services, the receipt arose from a solitary transaction, tax was deducted at source and disclosed in income tax returns, and the taxpayer voluntarily paid service tax and interest before and during proceedings, resulting in waiver of penalties. en-us Thu, 26 Feb 2026 00:00:00 +0530 Fri, 13 Mar 2026 08:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787838 Application of Section 80 of the Finance Act disallows imposition of penalties where the assessee establishes reasonable cause; the article concludes that penalties under Sections 76-78 were inappropriate because the taxpayer had a bona fide belief he was not providing taxable real estate agency services, the receipt arose from a solitary transaction, tax was deducted at source and disclosed in income tax returns, and the taxpayer voluntarily paid service tax and interest before and during proceedings, resulting in waiver of penalties. Case-Laws Service Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787838