2006 (12) TMI 461

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....ember 16, 1997 to June 1, 1998. But they had not paid service tax, nor had they filed any return. The return was filed on August 27, 2003, within the period (six months from May 14, 2003, the date on which the Finance Bill, 2003 received Presidential assent) prescribed under section 71A of the Finance Act, 1994. By doing so, they came within the ambit of section 71 of the Finance Act, 1994. Meanw....

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....hearing both sides and considering their submissions, I note that the appellants are not challenging the demand of tax but they have a grievance against the demand of interest and penalty. Learned consultant reiterates this grievance and submits that, on the facts of the case, the demand of interest and penalty cannot be sustained. This claim is opposed by learned SDR. It appears from the records....