https://www.taxtmi.com/caselaws?id=216973 Penalty under the CENVAT Credit Rules could not be sustained once the demand for reversal of credit had been dropped, because the penalty was consequential to the same alleged irregular availment of credit. The Tribunal's view that an independent penalty cannot survive when the underlying demand is not upheld was accepted as the correct legal position. The High Court found no substantial question of law to interfere with that conclusion, leaving the penalty unsustainable on the facts presented. en-us Mon, 30 Jul 2012 00:00:00 +0530 Mon, 13 May 2013 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216973 Penalty under the CENVAT Credit Rules could not be sustained once the demand for reversal of credit had been dropped, because the penalty was consequential to the same alleged irregular availment of credit. The Tribunal's view that an independent penalty cannot survive when the underlying demand is not upheld was accepted as the correct legal position. The High Court found no substantial question of law to interfere with that conclusion, leaving the penalty unsustainable on the facts presented. Case-Laws Central Excise Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216973