Bombay HC upholds penalty for availing input service tax credit, overturning CESTAT decision.

The Bombay HC upheld the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 for availing input service tax credit during October 2005 to March 2006, overturning the decision of the CESTAT which had deleted the penalty due to its pre-2010 insertion.

---

---

The Bombay High Court dismissed the appeal regarding the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 for availing credit of input service tax during October 2005 to March 2006. The penalty was deleted by the CESTAT as it related to a period before the penalty provision was inserted in February 2010.

---