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2015 (9) TMI 1032 - AT - Service TaxLevy of penalty - service tax with interest was paid before SCN - Commodity Exchange Services - Interpretation of taxable service - Levy of tax on admission fees and annual subscription charges - Held that:- Definition of Taxable Service does not specifically mention Admission Fees or Annual Subscription Fees and appellant harbored a view that service tax on these amounts is not payable under Section 65 (105) (zzzzg). Appellant, therefore,-had reasonable case for not paying Service Tax. However the entire amount along with interest was paid by the appellant before the issue of show case notice. Penalties imposed against the appellant are, therefore, required to be waived as per the provisions of Section 80 of the Finance Act, 1994. - Decided in favour of assessee.
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