Friday 4 April 2014

Penalty can’t be waived off if it is followed by suppression of acts and invocation of extended peri

Service Tax : Once it is held by adjudicating authority that there was suppression of fact on behalf of assessee and extended period is invocable, there can not be any reasonable cause for failure to pay service tax and, therefore, penalty under section 78 cannot be waived under section 80


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