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2016 (5) TMI 230 - AT - Service TaxLevy of equal penalty u/s 78 of the Finance Act, 1994 - Invokation of Section 80 ibid - Reversal of excess Cenvat credit availed along with interest under protest before issuance of SCN - Held that:- there is no suppression of facts with an intention to evade payment of duty, as the respondent has paid the service tax and interest by showing their Bonafides. Therefore, a reasonable cause is present to invoke Section 80 ibid and the penalty is waived of. - Decided against the revenue
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