https://www.taxtmi.com/caselaws?id=226206 The Tribunal allowed the appeal, ruling in favor of the appellant. They held that penalties should not be imposed due to ongoing litigation and conflicting judgments on the admissibility of input credit. The Tribunal emphasized that in cases of interpretation disputes, the extended period for penalties should not be invoked. The appellant's reversal of credit taken after the amendment demonstrated no intent to evade taxes. The judgment underscored the significance of considering legal interpretations prevailing during the relevant period before penalizing parties. en-us Thu, 28 Mar 2013 00:00:00 +0530 Mon, 22 Apr 2013 07:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226206 The Tribunal allowed the appeal, ruling in favor of the appellant. They held that penalties should not be imposed due to ongoing litigation and conflicting judgments on the admissibility of input credit. The Tribunal emphasized that in cases of interpretation disputes, the extended period for penalties should not be invoked. The appellant's reversal of credit taken after the amendment demonstrated no intent to evade taxes. The judgment underscored the significance of considering legal interpretations prevailing during the relevant period before penalizing parties. Case-Laws Central Excise Thu, 28 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226206