2018 (9) TMI 257

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.... Imposition of penalty under Section 76 of the Finance Act, 1994, is the subject matter of the present dispute. 2. During the period April to September, 2010, the appellant did not discharge its tax liability within stipulated time frame and the same was deposited into the Government exchequer subsequently, but before the issuance of show-cause notice. While adjudicating the matter, the original....

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....ies imposed on the appellant therein. 4. On the other hand, learned D.R. appearing for Revenue reiterates the finding recorded in the impugned order. 5. Heard both sides and perused the records. 6. The fact is not in dispute that the service tax for the disputed period was paid by the appellant before issue of showcause notice and the interest amount was paid subsequently, before the adjudicati....

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....ax in due time but they have been paying service tax in installment and almost entire demand was paid before issuance of show-cause notice. The appellant given reason for non payment of service tax in time that they were in severe financial crisis. It is also fact that appellant had accounted for entire service tax payable as an outstanding in their books of accounts which shows that they had bona....