https://www.taxtmi.com/caselaws?id=359812 The Tribunal upheld the disallowance of Cenvat credit for trading activities, citing the appellant's failure to segregate input services. It deemed the extended period for demand of service tax inapplicable due to the absence of intent to evade tax, following precedents. Consequently, the penalty under Section 78 of the Finance Act, 1994 was set aside, as there was no suppression or misdeclaration. The appeal was disposed of with the findings on Cenvat credit, demand period, and penalty imposition clarified. en-us Mon, 19 Mar 2018 00:00:00 +0530 Sat, 05 May 2018 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359812 The Tribunal upheld the disallowance of Cenvat credit for trading activities, citing the appellant's failure to segregate input services. It deemed the extended period for demand of service tax inapplicable due to the absence of intent to evade tax, following precedents. Consequently, the penalty under Section 78 of the Finance Act, 1994 was set aside, as there was no suppression or misdeclaration. The appeal was disposed of with the findings on Cenvat credit, demand period, and penalty imposition clarified. Case-Laws Service Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359812