1999 (1) TMI 1 - AT - Service Tax

Summary

Appellate Tribunal CEGAT, NEW DELHI allowed the appeal against penalty imposed on a stock broker for late filing of service tax returns. The Tribunal found that the tax liability was met in time and no notice was served under Section 70(2). The appeal was allowed based on similar cases where penalties were set aside. The impugned order was set aside and the appeal was allowed.