No penalty where issue involved is predominantly and legally interpretative in nature: HC

CA Urvashi Porwal Brief of the Case In the case of Commissioner of Service Tax  Vs. Vijay Television (P) Ltd., it was held by Madras High Court that the decision of the Tribunal is correct in setting aside the demand of service tax for the period beyond the normal period of limitation prescribed under Section 73 of the Finance Act on the ground that the department was aware of the facts and records of the case and the Tribunal is justified in law in vacating the penalties imposed under Sections 76 and 78 of the Finance Act, 1994 on the ground that the issue involved is predominantly and legal...