https://www.taxtmi.com/caselaws?id=267808 Reversal of proportionate Cenvat credit on input services, together with interest, was treated as restoring the assessee to the position of non-availment for purposes of an abatement condition requiring that credit not be taken. The Tribunal relied on prior authority recognising such reversal as equivalent to not having availed credit, and distinguished the Revenue's cited precedent because it concerned a different factual situation where credit had lapsed for unrelated reasons. On that basis, the notified abatement remained available and the service tax demand could not be sustained. en-us Fri, 04 Sep 2015 00:00:00 +0530 Tue, 05 Sep 2017 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267808 Reversal of proportionate Cenvat credit on input services, together with interest, was treated as restoring the assessee to the position of non-availment for purposes of an abatement condition requiring that credit not be taken. The Tribunal relied on prior authority recognising such reversal as equivalent to not having availed credit, and distinguished the Revenue's cited precedent because it concerned a different factual situation where credit had lapsed for unrelated reasons. On that basis, the notified abatement remained available and the service tax demand could not be sustained. Case-Laws Service Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267808