https://www.taxtmi.com/article/detailed?id=5134 Routine discrepancies found in audit do not by themselves establish mala fide intent to invoke extended limitation or levy penalty. Voluntary reversal of CENVAT credit and payment of interest before a show cause notice indicates absence of intent to evade. Penalty under section 11AC is confined to cases of fraud, collusion, willful misstatement or suppression of facts amounting to deliberate deception to evade duty. en-us Mon, 20 May 2013 11:06:47 +0530 Mon, 20 May 2013 11:06:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5134 Routine discrepancies found in audit do not by themselves establish mala fide intent to invoke extended limitation or levy penalty. Voluntary reversal of CENVAT credit and payment of interest before a show cause notice indicates absence of intent to evade. Penalty under section 11AC is confined to cases of fraud, collusion, willful misstatement or suppression of facts amounting to deliberate deception to evade duty. Articles Service Tax Mon, 20 May 2013 11:06:47 +0530 https://www.taxtmi.com/article/detailed?id=5134