9911796707
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (9) TMI 834 - HC - Service TaxPenalty u/s 78 - Delay in depositing service tax - Held that - The Tribunal has recorded a finding that the appellant has paid the entire amount of Service Tax and that there was insufficiency of the grounds for imposing penalty under Section 78 of the Finance Act. We find no reason to differ with the findings recorded by the Tribunal, which is the last fact finding authority. As such, we do not find that the ingredients of Section 78 of the Finance Act are found in the facts of the present case and also we do not see any substantial question of law, which arises for determination by this Court in this appeal. - Decided against Revenue.
Issues:
1. Delay in payment of Service Tax 2. Show-cause notice for penalty 3. Tribunal's decision on penalty under Section 78 of the Finance Act Analysis: 1. The respondent-assessee, registered under the Finance Act for Service Tax, faced a delay in payment of Service Tax for the period from April 2006 to May 2007. Despite the delay, a significant portion of the tax along with interest had been paid before the show-cause notice was issued by the appellant. 2. A show-cause notice was issued due to the delay in depositing the Service Tax, leading to the initiation of penalty proceedings. However, after the assessee provided an explanation, the penalty proceedings were dropped by the appellant. Subsequently, the Commissioner overturned the Assessing Officer's decision, prompting the respondent to appeal to the Tribunal. 3. The Tribunal, as the final fact-finding authority, determined that the entire Service Tax had been paid by the appellant and found insufficient grounds for imposing a penalty under Section 78 of the Finance Act. The High Court, after reviewing the records and arguments presented, concurred with the Tribunal's findings. It was concluded that the requirements of Section 78 were not met in the present case, and no substantial question of law merited consideration by the Court. Consequently, the appeal was dismissed based on the Tribunal's decision.
|
