https://www.taxtmi.com/caselaws?id=244159 The High Court allowed the appellant's entitlement to cenvat credit of service tax paid by M/s. Ghari Industries Pvt. Ltd. on royalty, despite the Revenue's contention post-amalgamation. The Tribunal found the penalty imposed under the Finance Act, 1994, was barred by limitation during the amalgamation petition, dispensed with pre-deposit conditions, and stayed recovery. The Tribunal concluded no suppression or mis-statement existed, justifying the longer limitation period. The case emphasizes the importance of timing and procedural compliance in tax credit disputes. en-us Tue, 05 Mar 2013 00:00:00 +0530 Wed, 19 Feb 2014 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244159 The High Court allowed the appellant's entitlement to cenvat credit of service tax paid by M/s. Ghari Industries Pvt. Ltd. on royalty, despite the Revenue's contention post-amalgamation. The Tribunal found the penalty imposed under the Finance Act, 1994, was barred by limitation during the amalgamation petition, dispensed with pre-deposit conditions, and stayed recovery. The Tribunal concluded no suppression or mis-statement existed, justifying the longer limitation period. The case emphasizes the importance of timing and procedural compliance in tax credit disputes. Case-Laws Service Tax Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244159