https://www.taxtmi.com/caselaws?id=220388 Penalty for taking Cenvat credit was not justified where the credit had been reversed and the admissibility of the input-service credit was supported by judicial decisions on the maintenance of a wind mill. The disputed nature of the credit issue meant that mere initial availment did not warrant penal action, so the penalty was set aside. Interest on the reversed credit was accepted because the demand was not pressed on merits and the assessee agreed to pay it, so the interest liability was sustained. en-us Fri, 30 Nov 2012 00:00:00 +0530 Sat, 19 Jan 2013 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220388 Penalty for taking Cenvat credit was not justified where the credit had been reversed and the admissibility of the input-service credit was supported by judicial decisions on the maintenance of a wind mill. The disputed nature of the credit issue meant that mere initial availment did not warrant penal action, so the penalty was set aside. Interest on the reversed credit was accepted because the demand was not pressed on merits and the assessee agreed to pay it, so the interest liability was sustained. Case-Laws Service Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220388