2008 (4) TMI 126 - AT - Service Tax

Application for waiver of penalty - It is stated on behalf of the appellant that the entire amount of service tax along with interest has been paid and the service tax is not in issue - it is stated that against penalty of Rs. 34,51,446/- under Sections 76, 77 and 78, the appellant deposited Rs. 34 lacs under protest - In these circumstances, we waive the pre-deposit of balance amount of penalty

Summary

The Appellate Tribunal CESTAT NEW DELHI waived the pre-deposit of the balance penalty amount for the appellant, as the entire service tax along with interest had been paid. The appellant had deposited Rs. 34 lacs under protest against a penalty of Rs. 34,51,446 under Sections 76, 77, and 78 of the Finance Act.