https://www.taxtmi.com/caselaws?id=258513 Telecommunication towers and pre-fabricated shelters, once erected, are treated as immovable property and do not qualify as capital goods or inputs for Cenvat credit under the Rules, so credit on those items was not admissible on merits. Credit on employee mediclaim insurance was treated as admissible. The extended period of limitation could not be invoked because the assessee had filed returns, audits had occurred, and the record did not show suppression, fraud, or intent to evade; the dispute was interpretative. Penalties were also deleted on the same bona fide basis. en-us Mon, 16 Mar 2015 00:00:00 +0530 Sat, 11 Apr 2015 02:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258513 Telecommunication towers and pre-fabricated shelters, once erected, are treated as immovable property and do not qualify as capital goods or inputs for Cenvat credit under the Rules, so credit on those items was not admissible on merits. Credit on employee mediclaim insurance was treated as admissible. The extended period of limitation could not be invoked because the assessee had filed returns, audits had occurred, and the record did not show suppression, fraud, or intent to evade; the dispute was interpretative. Penalties were also deleted on the same bona fide basis. Case-Laws Service Tax Mon, 16 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258513