https://www.taxtmi.com/caselaws?id=249703 The Tribunal set aside the demand for Cenvat Credit, interest, and penalties imposed on a company due to procedural irregularities and lack of legal requirements for credit allocation. The Division Bench confirmed this decision. The Revenue's challenge on penalties imposed on individuals was dismissed as there was no evidence of fraud or intent to evade duty by the company or individuals. The tax appeals against the Tribunal's decision on penalties for individuals were also dismissed. en-us Thu, 10 Jul 2014 00:00:00 +0530 Wed, 26 Aug 2015 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249703 The Tribunal set aside the demand for Cenvat Credit, interest, and penalties imposed on a company due to procedural irregularities and lack of legal requirements for credit allocation. The Division Bench confirmed this decision. The Revenue's challenge on penalties imposed on individuals was dismissed as there was no evidence of fraud or intent to evade duty by the company or individuals. The tax appeals against the Tribunal's decision on penalties for individuals were also dismissed. Case-Laws Central Excise Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249703