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2017 (8) TMI 908 - AT - Service TaxPenalty u/s 78 - Banking and other Financial services - reverse charge mechanism - duty with interest paid on being pointed out - Held that: - The levy of service tax on reverse charge mechanism during the period in question had been an area of dispute between the Revenue and the assessee, and it became clear only after the decision of the Hon’ble Bombay High Court in the case of Indian national Ship Owners Association Vs. UOI [2008 (12) TMI 41 - BOMBAY HIGH COURT] - penalty not imposable on appellant by invoking section 80 - appeal allowed - decided in favor of appellant.
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