https://www.taxtmi.com/caselaws?id=326616 The Appellate Tribunal CESTAT Kolkata upheld the penalty of &8377; 10,000 imposed on BSNL under Rule 15(1) of the Cenvat Credit Rules, 2004, for wrongful Cenvat credit availed. The Tribunal found the first appellate authority's reasoning sufficient and dismissed the Revenue's appeal, noting the lack of substantial reasons for increasing the penalty. The decision affirmed the penalty amount, concluding that the first appellate authority's justification was legally sound and warranted no interference. en-us Wed, 13 Apr 2016 00:00:00 +0530 Sat, 04 Jun 2016 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326616 The Appellate Tribunal CESTAT Kolkata upheld the penalty of &8377; 10,000 imposed on BSNL under Rule 15(1) of the Cenvat Credit Rules, 2004, for wrongful Cenvat credit availed. The Tribunal found the first appellate authority's reasoning sufficient and dismissed the Revenue's appeal, noting the lack of substantial reasons for increasing the penalty. The decision affirmed the penalty amount, concluding that the first appellate authority's justification was legally sound and warranted no interference. Case-Laws Service Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326616