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Penalties for short payment of service tax u/ss 76 and 78 set aside using Section 80 of Finance Act 1994.
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....Penalty u/s 76 & 78 - short payment of service tax - once in a year, the appellant themselves reconcile the statements and discharge the differential service tax liability short paid therein along with interest. - this is a fit case for invoking the provisions of Section 80 of the Finance Act, 1994 for setting aside the penalties - AT....