https://www.taxtmi.com/caselaws?id=214621 The Tribunal ruled in favor of the appellant, setting aside the penalties imposed and disposing of the Stay Petition and appeal accordingly. The demands pre-18.04.2006 were dropped, leaving the current dispute unresolved. The Tribunal agreed that penalties cannot be imposed when the receiver is eligible for CENVAT Credit, aligning with established legal precedents. Penalties under Section 78 of the Finance Act were set aside due to the revenue-neutral situation and the availability of CENVAT Credit to the appellant. en-us Wed, 13 Jun 2012 00:00:00 +0530 Thu, 05 Jul 2012 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214621 The Tribunal ruled in favor of the appellant, setting aside the penalties imposed and disposing of the Stay Petition and appeal accordingly. The demands pre-18.04.2006 were dropped, leaving the current dispute unresolved. The Tribunal agreed that penalties cannot be imposed when the receiver is eligible for CENVAT Credit, aligning with established legal precedents. Penalties under Section 78 of the Finance Act were set aside due to the revenue-neutral situation and the availability of CENVAT Credit to the appellant. Case-Laws Service Tax Wed, 13 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214621