Penalty u/s 78 of Finance Act Not Invokable in Absence of Invocation of Extended Limitation Period: CESTAT [Read Order]

The Tribunal found that show cause notice is lacking in certain material in particular and has not been issued after proper investigation
Penalty - Finance Act - Absence of Invocation - Limitation Period - CESTAT - taxscan

The Chandigarh Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has held that the penalty under section 78 of the Finance Act, 1994 is not invokable in absence of invocation of extended limitation period. P S Construction, the appellant or assessee is in the business of providing services under the category…

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