https://www.taxtmi.com/caselaws?id=352063 The High Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision to quash the revenue's actions against the assessee for wrongly availed credits under the CENVAT Credit Rules, 2004. The Tribunal found that the Assessing Officer exceeded the limitation period for initiating penalties, without evidence of malfeasance by the assessee. Citing the Uniworth Textiles Limited case, the High Court emphasized the importance of bona fide conduct in tax matters, leading to the dismissal of the appeal and reaffirming the need for adherence to legal principles in claiming exemptions and credits. en-us Tue, 07 Nov 2017 00:00:00 +0530 Thu, 07 Dec 2017 08:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352063 The High Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision to quash the revenue's actions against the assessee for wrongly availed credits under the CENVAT Credit Rules, 2004. The Tribunal found that the Assessing Officer exceeded the limitation period for initiating penalties, without evidence of malfeasance by the assessee. Citing the Uniworth Textiles Limited case, the High Court emphasized the importance of bona fide conduct in tax matters, leading to the dismissal of the appeal and reaffirming the need for adherence to legal principles in claiming exemptions and credits. Case-Laws Central Excise Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352063