Bombay High Court Upholds Assessee's Appeal in Service Tax Penalty Case Due to Reasonable Cause Under Section 80 of Finance Act, 1994. Penalty Under Section 76 Set Aside Because Assessee's Bona Fide Belief on Exclusion of Goods Cost from Taxable Value Constituted Reasonable Cause.
9 Mar 2021The appeal before the High Court of Bombay at Goa arose from a service tax dispute concerning penalty under Section 76 of the Finance Act, 1994. The a...




