https://www.taxtmi.com/caselaws?id=212936 The Tribunal upheld the restriction of Cenvat credit to 35% for the appellant, directing the recalculating of liability for each return period. The Tribunal found the appellant's non-disclosure of the exempted nature of the service in their returns constituted wilful suppression, justifying penalties under Sections 76 and 78. The penalties were confirmed, emphasizing that false declarations in returns regarding service tax payment warranted penalties. Interest under Section 75 was deemed payable on the tax due. The appeal was allowed only to the extent of recalculating Cenvat credit liability and confirming the penalties imposed. en-us Tue, 28 Jun 2011 00:00:00 +0530 Fri, 11 Dec 2015 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212936 The Tribunal upheld the restriction of Cenvat credit to 35% for the appellant, directing the recalculating of liability for each return period. The Tribunal found the appellant's non-disclosure of the exempted nature of the service in their returns constituted wilful suppression, justifying penalties under Sections 76 and 78. The penalties were confirmed, emphasizing that false declarations in returns regarding service tax payment warranted penalties. Interest under Section 75 was deemed payable on the tax due. The appeal was allowed only to the extent of recalculating Cenvat credit liability and confirming the penalties imposed. Case-Laws Service Tax Tue, 28 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212936