https://www.taxtmi.com/caselaws?id=333854 The Tribunal allowed the appeal filed by the appellant, a manufacturer and service provider, regarding the utilization of Cenvat credit for service tax payment under the category of "Renting of Immovable Property." The Tribunal held that there was no restriction on the appellant using the credit, especially as a registered service provider. Additionally, the Tribunal agreed with the appellant's interpretation and application of Rule 3(1) and Rule 3(4) of the Cenvat Credit Rules, setting aside the penalty imposed under section 78 of the Act. The Tribunal's decision favored the appellant, overruling the rejection by the Commissioner (Appeals) and considering the absence of malafide intent and the revenue-neutral nature of the situation. en-us Wed, 09 Mar 2016 00:00:00 +0530 Wed, 26 Oct 2016 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333854 The Tribunal allowed the appeal filed by the appellant, a manufacturer and service provider, regarding the utilization of Cenvat credit for service tax payment under the category of "Renting of Immovable Property." The Tribunal held that there was no restriction on the appellant using the credit, especially as a registered service provider. Additionally, the Tribunal agreed with the appellant's interpretation and application of Rule 3(1) and Rule 3(4) of the Cenvat Credit Rules, setting aside the penalty imposed under section 78 of the Act. The Tribunal's decision favored the appellant, overruling the rejection by the Commissioner (Appeals) and considering the absence of malafide intent and the revenue-neutral nature of the situation. Case-Laws Service Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333854