Tribunal Sets Aside Excess Penalty on Assessee for Timely Service Tax Payment Before Show Cause Notice Issued.

Penalty - service tax with interest was deposited before issuance of SCN - the assessee has not committed any illegality in not depositing any penalty amount. Penalty levied against the assessee in excess of 25% u/s 76 and 78 of the Finance Act, 1994, has rightly been set aside by the Tribunal - HC .....

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