2011 (9) TMI 967 - HC - Service Tax

Summary

The Karnataka High Court dismissed the appeal by the assessee challenging the order that held the assessee not liable for penalty under Sec. 76 of the Finance Act, 1994. The assessee had paid both Service Tax and interest before the show cause notice was issued, as required by Sub-Sec.(3) of Sec. 73 of the Act. This meant authorities could not initiate penalty proceedings under Sec. 76.