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2016 (8) TMI 149 - AT - Service TaxLevy of penalty u/s 76 - waiver u/s 80 - reasonable cause - assessee had paid the entire demand along with interest before the adjudication process - Held that:- assessee's business was closed down and they were not in a position to pay the service tax. It is my view that the financial difficulty is not a valid reason for waiving penalty when a statutory payment had not been made - The parameters of section 80 of the Act would not apply as no reasonable cause has been shown. - penalty not waived - Decided against the assessee.
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