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2010 (2) TMI 234 - AT - Service TaxPenalty- Appellant is engaged in the manufacture of bearings using Brand name FAG of holding company. Penalty equal to service tax amount demanded has been imposed under Section 78 of Finance Act, 1994 and penalties under Sections 76 and 77 of Finance Act, 1994 have been imposed. Held that- In the light of the decision of Indian National Ship Owner’s Association vs. UOI 2009 -TMI - 32013 - HIGH COURT OF BOMBAY, the demand for service tax from the receiver for the period prior to 18.4.2006 is not sustainable. Accordingly, we allow the appeal with consequential relief to the appellants.
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