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TMI Blog2013 (5) TMI 229X X X X Extracts X X X X X X X X Extracts X X X X ..... nance Act, 1994. Waiver of penalty - held that:- appellant had given a reasonable cause due to slow down in the realty sector during the material period they were unable to pay the amount of service tax liability in time. - appellant has made out a case for invocation of Section 80 of the Finance Act, 1994. - penalty waived. - Appeal No.ST/688/11 - Final Order No. A/10243/2013-WZB/AHD - Da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued to the appellant which was adjudicated vide impugned order in original ordering recovery of interest of Rs.2,95,085/- and imposed penalty of Rs.5,43,345/- under Section 76. The appellant has filed present appeal against impugned order in original. 3. Aggrieved by such an order, appellant preferred an appeal before the first appellate authority. The first appellate authority also concurre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e material period they were unable to pay the amount of service tax liability in time. I find that in the facts and circumstances of this case, appellant has made out a case for invocation of Section 80 of the Finance Act, 1994. Accordingly, I invoke the provisions of Section 80, as there being reasonable because of not charging the service tax liability within time, to set aside the penalties imp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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