2009 (11) TMI 687 - AT - Service Tax

Summary

The assessee, a direct selling agent for HDFC Bank Ltd., was penalized for delay in paying Service tax on agency commission and incentives. The penalty was reduced by the Commissioner (Appeals). The Tribunal held the assessee liable for penalty but reduced it to Rs. 50,000. The penalty under Section 78 was set aside. Another appeal seeking enhancement of penalties was dismissed.