https://www.taxtmi.com/caselaws?id=341831 The Tribunal partially allowed the appeal against the denial of abatement under Notification No. 1/2006-S.T. and imposition of penalty under Section 76 of the Finance Act, 1994. It was found that the appellant had availed Cenvat credit contrary to the conditions of the notification. Despite this, due to the payment of service tax and interest before adjudication and the genuine belief of the appellant in claiming abatement, the penalty under Section 76 was waived invoking Section 80. The appeal was allowed, setting aside the penalty imposed, emphasizing the appellant's good faith in rectifying the mistake. en-us Tue, 22 Nov 2016 00:00:00 +0530 Wed, 12 Apr 2017 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341831 The Tribunal partially allowed the appeal against the denial of abatement under Notification No. 1/2006-S.T. and imposition of penalty under Section 76 of the Finance Act, 1994. It was found that the appellant had availed Cenvat credit contrary to the conditions of the notification. Despite this, due to the payment of service tax and interest before adjudication and the genuine belief of the appellant in claiming abatement, the penalty under Section 76 was waived invoking Section 80. The appeal was allowed, setting aside the penalty imposed, emphasizing the appellant's good faith in rectifying the mistake. Case-Laws Service Tax Tue, 22 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341831