https://www.taxtmi.com/caselaws?id=348927 The High Court upheld the Tribunal's decision to delete the penalty imposed on the respondent for availing cenvat credit on inputs used in constructing towers and structures. Despite conflicting judgments from different High Courts, the penalty was deemed unjustified as the issue was disputable, emphasizing the need for wrongful or malicious intent for penalty imposition under rule 15 of CENVAT Credit Rules. The Court dismissed the Tax Appeal, emphasizing the importance of a reasonable belief in claiming cenvat credit and clarifying that penalties should not be imposed solely based on credit disallowance. en-us Thu, 28 Sep 2017 00:00:00 +0530 Wed, 14 Feb 2018 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348927 The High Court upheld the Tribunal's decision to delete the penalty imposed on the respondent for availing cenvat credit on inputs used in constructing towers and structures. Despite conflicting judgments from different High Courts, the penalty was deemed unjustified as the issue was disputable, emphasizing the need for wrongful or malicious intent for penalty imposition under rule 15 of CENVAT Credit Rules. The Court dismissed the Tax Appeal, emphasizing the importance of a reasonable belief in claiming cenvat credit and clarifying that penalties should not be imposed solely based on credit disallowance. Case-Laws Central Excise Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348927