The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad Bench has set aside substantial penalties in a long-standing dispute relating to Service Tax on renting of immovable property. The bench of Angad Prasad (Judicial Member) and A.K. Jyotishi (Technical Member) held that penalties under Sections 76, 77, and 78 of the Finance Act, 1994…
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