2017 (5) TMI 1259 - SCH - Service Tax

Suppression of facts - Penalty u/s 78 of the FA 1994 - failure to discharge liability of tax - intention to evade duty present or not - extended period of limitation - the decision in the case of Future Link India Versus The Commissioner Of Central Excise Delhi- III 2016 (12) TMI 1279 - DELHI HIGH COURT contested where it was held that the assessee/appellant has the option to deposit the balance service tax together with accumulated interest and penalty of 25% of the entire tax due within the period indicated in the third proviso to Section 78(1) - Status quo obtaining as of today shall be maintained by the parties until further orders.