Gujarat HC Tax Appeal: Reversal of Cenvat credit demand admitted; no penalty without evidence

The Gujarat HC admitted a Tax Appeal concerning the reversal of demand for wrongfully availed Cenvat credit. The Court did not address the penalty under Section 11AC due to the lack of evidence showing fraud or intent to evade duty by the assessee.

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The Gujarat High Court admitted a Tax Appeal regarding the reversal of demand for wrongfully availed Cenvat credit. The Court did not consider the proposed question on penalty under Section 11AC as there was no evidence of fraud or intent to evade duty by the assessee.

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