Penalties Under Finance Act Sections 77 & 78 Set Aside; Revenue-Neutral Situation Found, No Malafide Intent Proven.

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....Levy of penalty u/s 77 & 78 of the Finance Act, 1994 - validity of invocation of Section 80 by learned Commissioner (Appeals) for setting aside penalties while confirming the demand of service tax on import of services under reverse charge - when the situation is revenue-neutral, the aspect of malafide fails. - No penalty - AT....