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TMI Blog2018 (9) TMI 912X X X X Extracts X X X X X X X X Extracts X X X X ..... t can be considered as the reasonable cause for their failure to discharge the tax liability in time. Penalties u/s 76 and 77 set aside by invoking section 80 - the late fee of ₹ 2000/- imposed under Rule 7C of the Service Tax Rules, 1994 for belated filing of the ST3 Returns upheld - demand of Service tax also upheld - appeal allowed in part. - ST/154/2012 - FINAL ORDER No. 41994/2018 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appellant culminated in an adjudication order dated 22.03.2011 confirming the demand of the said tax liability with interest thereon and imposition of penalties under Sections 76 and 77 of the Finance Act, 1994. Appeal against this order was rejected by the lower appellate authority vide the impugned order dated 15.12.2011. Appellants are before this forum only on the issue of imposition of penal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the appellants discharged the tax liability, though belatedly, along with interest thereon. In our view, the reasons of bad financial health put forth by the Ld. Consultant can be considered as the reasonable cause for their failure to discharge the tax liability in time. 5.2 Following the same, we hold that the provisions of Section 80 can be invoked in this case and penalties imposed under ..... X X X X Extracts X X X X X X X X Extracts X X X X
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