https://www.taxtmi.com/caselaws?id=344837 CENVAT credit accumulated in a 100% EOU was held transferable to a connected service division for payment of service tax on output services, as no statutory prohibition barred such utilisation and the arrangement was treated as revenue neutral. The demand on that credit-utilisation issue was set aside. Penalties were also held unsustainable because the assessee's conduct did not show wilful suppression or contumacious evasion, so the ingredients for penal action were not made out. The appeal thus succeeded on the principal credit issue and on penalties, while the uncontested service tax component remained outside dispute. en-us Wed, 07 Jun 2017 00:00:00 +0530 Thu, 29 Jun 2017 12:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344837 CENVAT credit accumulated in a 100% EOU was held transferable to a connected service division for payment of service tax on output services, as no statutory prohibition barred such utilisation and the arrangement was treated as revenue neutral. The demand on that credit-utilisation issue was set aside. Penalties were also held unsustainable because the assessee's conduct did not show wilful suppression or contumacious evasion, so the ingredients for penal action were not made out. The appeal thus succeeded on the principal credit issue and on penalties, while the uncontested service tax component remained outside dispute. Case-Laws Service Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344837