https://www.taxtmi.com/caselaws?id=238901 The judge found the applicant liable to pay interest for the period in question despite filing a revised return, directing them to deposit Rs.30,000 within four weeks. The balance interest and penalty were waived contingent on this deposit, with recovery stayed during the appeal, providing temporary relief. The case highlights the complexities of availing credit on capital goods, obligations following revised tax returns, and the importance of tax compliance and consequences of audit irregularities. en-us Wed, 17 Jul 2013 00:00:00 +0530 Sat, 02 Nov 2013 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238901 The judge found the applicant liable to pay interest for the period in question despite filing a revised return, directing them to deposit Rs.30,000 within four weeks. The balance interest and penalty were waived contingent on this deposit, with recovery stayed during the appeal, providing temporary relief. The case highlights the complexities of availing credit on capital goods, obligations following revised tax returns, and the importance of tax compliance and consequences of audit irregularities. Case-Laws Central Excise Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238901