https://www.taxtmi.com/caselaws?id=356567 The Tribunal set aside the interest confirmation and penalty imposition in a case where the appellant, a Mall owner, was found availing inadmissible Modvat Credit and not depositing service tax. The appellant's reliance on court decisions regarding time limits for interest demands and non-liability of interest on unutilized credits led to the Tribunal ruling in favor of the appellant, emphasizing the significance of adherence to time limits for interest demands and considering bonafide beliefs in penalty impositions related to service tax payments. en-us Fri, 01 Dec 2017 00:00:00 +0530 Thu, 08 Mar 2018 07:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356567 The Tribunal set aside the interest confirmation and penalty imposition in a case where the appellant, a Mall owner, was found availing inadmissible Modvat Credit and not depositing service tax. The appellant's reliance on court decisions regarding time limits for interest demands and non-liability of interest on unutilized credits led to the Tribunal ruling in favor of the appellant, emphasizing the significance of adherence to time limits for interest demands and considering bonafide beliefs in penalty impositions related to service tax payments. Case-Laws Service Tax Fri, 01 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356567