https://www.taxtmi.com/caselaws?id=352501 The Tribunal upheld the Commissioner (A)'s decision to waive penalties under Section 78 and Rule 15(3) of CENVAT Credit Rules, 2004, due to the lack of mens rea and the assessee's bona fide belief. The appeal by the Revenue against the dropping of penalties was dismissed, affirming the waiver based on the absence of intent to evade tax. The order was pronounced on 13/11/2017. en-us Mon, 13 Nov 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352501 The Tribunal upheld the Commissioner (A)'s decision to waive penalties under Section 78 and Rule 15(3) of CENVAT Credit Rules, 2004, due to the lack of mens rea and the assessee's bona fide belief. The appeal by the Revenue against the dropping of penalties was dismissed, affirming the waiver based on the absence of intent to evade tax. The order was pronounced on 13/11/2017. Case-Laws Service Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352501