https://www.taxtmi.com/caselaws?id=250936 The Tribunal granted M/s. Jet Airways (India) Ltd. a waiver from pre-deposit and stay on recovery during the appeal against a service tax demand confirmation of Rs. 1.01 crore, interest, and penalties. The Tribunal acknowledged rounding off errors in CENVAT credit reversal, finding no evidence of intentional tax evasion. It supported the appellant's argument that discrepancies were due to rounding off percentages and not evasion. The extended period of time invocation by the Revenue was deemed unsustainable, with the Tribunal granting an unconditional waiver and stay on recovery due to the appellant's prima facie case on the time-bar issue. en-us Mon, 14 Jul 2014 00:00:00 +0530 Sat, 17 Jan 2015 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250936 The Tribunal granted M/s. Jet Airways (India) Ltd. a waiver from pre-deposit and stay on recovery during the appeal against a service tax demand confirmation of Rs. 1.01 crore, interest, and penalties. The Tribunal acknowledged rounding off errors in CENVAT credit reversal, finding no evidence of intentional tax evasion. It supported the appellant's argument that discrepancies were due to rounding off percentages and not evasion. The extended period of time invocation by the Revenue was deemed unsustainable, with the Tribunal granting an unconditional waiver and stay on recovery due to the appellant's prima facie case on the time-bar issue. Case-Laws Service Tax Mon, 14 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250936