https://www.taxtmi.com/caselaws?id=360479 The Appellate Tribunal upheld the decision of the first appellate authority to set aside penalties imposed by the adjudicating authority for availing excess credit as an input service distributor. The Tribunal emphasized the absence of malafide intention in distributing the credit, noting that the Revenue's reliance on previous court decisions did not address the lack of mens rea in this case. Consequently, the appeal was rejected, and the Cross Objection was also disposed of accordingly. The Tribunal stressed the importance of establishing malafide intention in such cases when imposing penalties. en-us Thu, 15 Mar 2018 00:00:00 +0530 Fri, 18 May 2018 06:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360479 The Appellate Tribunal upheld the decision of the first appellate authority to set aside penalties imposed by the adjudicating authority for availing excess credit as an input service distributor. The Tribunal emphasized the absence of malafide intention in distributing the credit, noting that the Revenue's reliance on previous court decisions did not address the lack of mens rea in this case. Consequently, the appeal was rejected, and the Cross Objection was also disposed of accordingly. The Tribunal stressed the importance of establishing malafide intention in such cases when imposing penalties. Case-Laws Central Excise Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360479