Service tax demand against public sector undertaking upheld, but penalties waived u/s 80 of Finance Act,...

Service tax demand against public sector undertaking upheld, but penalties waived u/s 80 of Finance Act, 1994 considering revenue neutrality as service tax paid would be eligible for CENVAT credit, following HUDCO case; appeal dismissed as no substantial question of law arose from discretionary order based on factual finding of revenue neutrality. .....

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