https://www.taxtmi.com/caselaws?id=355385 The Appellate Tribunal CESTAT NEW DELHI set aside penalties imposed on M/s Daga Trading Co. and its director for alleged fraudulent purchase of raw material to avail inadmissible Cenvat credit. The Tribunal found the evidence presented by the appellant credible, confirming legitimate transactions with valid invoices. As the department failed to provide counter evidence, the penalties were deemed unjustified, and the appeals were allowed in favor of the appellants. The judgment was delivered on 12.1.2018 by Mr. S.K. Mohanty, Member (Judicial). en-us Fri, 12 Jan 2018 00:00:00 +0530 Wed, 14 Feb 2018 09:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355385 The Appellate Tribunal CESTAT NEW DELHI set aside penalties imposed on M/s Daga Trading Co. and its director for alleged fraudulent purchase of raw material to avail inadmissible Cenvat credit. The Tribunal found the evidence presented by the appellant credible, confirming legitimate transactions with valid invoices. As the department failed to provide counter evidence, the penalties were deemed unjustified, and the appeals were allowed in favor of the appellants. The judgment was delivered on 12.1.2018 by Mr. S.K. Mohanty, Member (Judicial). Case-Laws Central Excise Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355385