2010 (4) TMI 200

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....umar Paridar, Advocate for the Appellants Shri C.Dhanasekaran, SDR for the Respondent CORAM: Hon'ble Ms. Jyoti Balasundaram, Vice-President Penalty of Rs.2,46,271/- imposed on the assessees herein for delayed payment of service tax during the period February to October 2007, is challenged by the assessees, on the ground that they had reasonable cause for delay namely, (i) non-availabil....

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....x deduction at source (TDS) they would be left over with the shortage of funds by 6.33% every month, because of which the service tax could not be remitted within due dates; and (iii) Change of staff dealing with service tax. It is to be mentioned here that the service tax is required to be remitted to the Government Account only on realisation of the value of taxable service, that too only on the....