https://www.taxtmi.com/caselaws?id=359130 The Tribunal allowed the appeal filed by a Public Sector Undertaking Bank, overturning the decision to deny Cenvat credit and impose penalties. The Tribunal held that the lack of specified documents for transferring credits to centralized registration did not warrant the denial of credit, as the credits were available in the books of account without any dispute. It was emphasized that no distribution of credit occurred, leading to the conclusion that the denial of credit and penalties were not justified. en-us Wed, 04 Apr 2018 00:00:00 +0530 Sat, 06 Apr 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359130 The Tribunal allowed the appeal filed by a Public Sector Undertaking Bank, overturning the decision to deny Cenvat credit and impose penalties. The Tribunal held that the lack of specified documents for transferring credits to centralized registration did not warrant the denial of credit, as the credits were available in the books of account without any dispute. It was emphasized that no distribution of credit occurred, leading to the conclusion that the denial of credit and penalties were not justified. Case-Laws Service Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359130